Keefe Bruyette analyst Christopher McGratty upgraded Comerica to Outperform from Market Perform with a price target of $69, up from $50. The firm says that over the past two years, it held off on recommending Comerica as its estimates were biased lower due to net interest income pressure, which would overshadow the “cheapness factor” of the stock. The analyst believes now is the time to buy the stock.
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