Comerica price target raised to $64 from $54 at Stephens

Stephens analyst Terry McEvoy raised the firm’s price target on Comerica to $64 from $54 and keeps an Overweight rating on the shares. The firm’s updated model incorporate management commentary from an industry event earlier this month, the FDIC’s special assessment charge, and adjustments to unrealized losses to reflect the significant quarter-to-date decline in yields, the analyst tells investors in a research note.