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Comerica price target raised to $70 from $62 at JPMorgan

JPMorgan analyst Anthony Elian raised the firm’s price target on Comerica (CMA) to $70 from $62 and keeps an Underweight rating on the shares as part of a Q3 earnings preview for the small- and mid-cap banks. It expects bank fundamental trends to be highlighted by solid loan and deposit growth as well as increasing net interest margins. jay

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