From Financial Modeling Prep: 2025-01-07 12:12:00

Goldman Sachs analysts downgraded Comerica (NYSE:CMA) from Buy to Neutral with a price target of $71, indicating a potential 13% upside. The bank’s recovery and operational improvements are expected to lag behind peers in a more normalized economic environment.

Comerica faces challenges in 2025, with slower rate cuts potentially impacting demand deposit account balances and net interest income growth. Elevated expenses from core growth investments and pension-related costs may further impact profitability.

Capital returns for Comerica are expected to be uneven due to fluctuations in long-term interest rates. While earnings uplift and improved efficiency are projected over time, the bank’s pace of enhancements is anticipated to be slower than its competitors.

Trading at $62, Comerica’s stock is valued at 11.5 times 2025 estimated consensus earnings, reflecting its medium-term potential. While the bank is on a path to improvement, mixed drivers and slower progress compared to peers make its risk-reward profile less appealing.



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