Comerica price target lowered to $58 from $62 at Jefferies

Jefferies lowered the firm’s price target on Comerica to $58 from $62 and keeps a Buy rating on the shares. Comerica is optimistic on NII in 2025 and beyond given swaps and securities maturities and loan growth, but lower-than-expected direct debit authorizations has weighed on near-term NII results, the analyst tells investors in a research note. Management will look to offset rising regulatory prep costs over time through efficiency gains, the firm says.