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Analysts’ Opinions Are Mixed on These Financial Stocks: Urstadt Biddle Properties Inc (UBA) and Comerica Inc (CMA)


Analysts have been eager to weigh in on the Financial sector with new ratings on Urstadt Biddle Properties Inc (NYSE:UBA) and Comerica Inc (NYSE:CMA).

Urstadt Biddle Properties Inc (UBA)

In a report released today, Craig Kucera from B.Riley FBR maintained a Hold rating on Urstadt Biddle Properties Inc, with a price target of $20. The company’s shares opened today at $20.59.

Kucera commented:

“We are adjusting our earnings estimates on Properties, Inc. (UBA) post a 3Q18 FFO miss of $0.01. Our 2018 estimate increases from $1.38 to $1.48 due to the $0.10/share impact of one-time lease termination income and our 2019 estimate declines from $1.45 to $1.44 given some slippage in occupancy in 3Q18. Our AFFO estimates are also increasing from $1.23/$1.20 to $1.28/$1.26, respectively. While we appreciate the infill nature of UBA’s portfolio and limited supply potential, UBA continues to trade at a modest premium to its small-cap (<$1.5B market cap) shopping center peer group, at 87% of our $23.54 NAV estimate (6.25% portfolio cap rate on 2018E 2019E FFO vs. its small-cap peers trading at 80% and 11.2x, respectively."

According to TipRanks.com, Kucera is a 4-star analyst with an average return of 6.2% and a 68.0% success rate. Kucera covers the Financial sector, focusing on stocks such as NexPoint Residential Trust Inc, Consolidated-Tomoka Land Co, and Bluerock Residential Growth.

Currently, the analyst consensus on Urstadt Biddle Properties Inc is a Hold with an average price target of $23, an 11.7% upside from current levels. In a report released yesterday, D.A. Davidson also downgraded the stock to Hold with a $23 price target.

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Comerica Inc (CMA)

In a report released today, Steve Moss from B.Riley FBR reiterated a Buy rating on Comerica Inc, with a price target of $113. The company’s shares opened today at $97.71, close to its 52-week high of $102.66.

Moss observed:

“Comerica (CMA) provided a 3Q18 update ahead of its planned presentation on a conference, that shows the bank continues to benefit from its asset sensitive balance sheet, though lower-than-expected loan balances imply lower NII than we previously modeled. The NII benefit from Fed rate hikes remains significant and consistent with CMA’s prior guidance. Deposit balances trended higher, which implies higher securities balances and a partial NII offset to lower loan balances relative to our model. CMA provided capital targets that imply capital deployment plans through 2019 will be more aggressive than our current model, though this benefit may be partially offset by increased technology investments and the near completion of GEAR Up expense saves.”

According to TipRanks.com, Moss is a 4-star analyst with an average return of 7.2% and a 60.7% success rate. Moss covers the Financial sector, focusing on stocks such as Seacoast Banking Corporation Of Florida, The Bank of Princeton, and Meta Financial Group.

Comerica Inc has an analyst consensus of Moderate Buy, with a price target consensus of $106.53, a 9.0% upside from current levels. In a report released today, Piper Jaffray also maintained a Buy rating on the stock with a $117 price target.

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