Comerica price target raised to $82 from $80 at DA Davidson

DA Davidson analyst Peter Winter raised the firm’s price target on Comerica to $82 from $80 and keeps a Buy rating on the shares after its Q4 earnings beat. The stock’s forward earnings multiple assumption at 8.3-times remains "conservative", and he expects the focus to turn to credit if the U.S. economy enters a recession this year, which should be positive for Comerica as it has a long track record of best in class credit metrics, the analyst tells investors in a research note.