Morgan Stanley analyst Ken Zerbe maintained a Buy rating on Comerica Inc (CMA) today and set a price target of $98. The company’s shares closed yesterday at $72.18, close to its 52-week low of $71.20.
According to TipRanks.com, Zerbe is a 4-star analyst with an average return of 9.9% and a 60.0% success rate. Zerbe covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Huntington Bancshares Inc, and People’s United Financial.
Currently, the analyst consensus on Comerica Inc is a Moderate Buy with an average price target of $97.43, representing a 35.0% upside. In a report issued on December 4, Piper Jaffray also maintained a Buy rating on the stock with a $106 price target.
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Based on Comerica Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $897 million and net profit of $316 million. In comparison, last year the company earned revenue of $841 million and had a net profit of $224 million.
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Comerica, Inc. engages in the provision of financial services. It operates through the following segments: Business Bank, Retail Bank, Wealth Management, Finance, and Other.
