Comerica price target raised to $63 from $60 at DA Davidson

DA Davidson analyst Peter Winter raised the firm’s price target on Comerica to $63 from $60 and keeps a Buy rating on the shares. The main overhangs on the stock – deposit outflows and capital – are closer to being in the past, and despite the recent outperformance, Comerica still trades near the bottom of its peer group, the analyst tells investors in a research note.