Comerica price target raised to $64 from $56 at Argus

Argus analyst Kevin Heal raised the firm’s price target on Comerica to $64 from $56 and keeps a Buy rating on the shares. Regional banks are likely to face new regulations, but Comerica, with $91B in assets, may fall below a potential new threshold for Federal Reserve stress tests, the analyst tells investors in a research note. The firm adds that despite deposit flight from smaller regionals to large money-center banks, regional banks appear to have regained their footing without having to sell securities.