From Financial Modeling Prep: 2024-10-07 14:34:00

Comerica (NYSE:CMA) shares dropped over 1% as BofA Securities downgraded the stock to Underperform with a new price target of $52. Analysts believe the stock is overvalued and doesn’t account for potential risks from expected interest rate cuts. Anticipated rate reductions could impact Comerica’s net interest income projections for 2025. Concerns also arise from the faster transition of the Direct Express program.



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