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DA Davidson upgrades Comerica to Buy on ‘compelling’ valuation
The Fly

DA Davidson upgrades Comerica to Buy on ‘compelling’ valuation

DA Davidson analyst Peter Winter last night upgraded Comerica to Buy from Neutral with a price target of $80, up from $78. The company trades at the lowest price-to-earnings valuation in the group, Winter tells investors in a research note. In addition, if the U.S. economy enters a mild recession, investor focus will turn to credit and Comerica has a long track record of best in class credit metrics, says the analyst. He upgraded the shares citing a "compelling" valuation at current levels.

Published first on TheFly

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