Comerica Inc Gets a Hold Rating from Robert W. Baird

By Ryan Adsit

Robert W. Baird analyst David George reiterated a Hold rating on Comerica Inc (NYSE: CMA) yesterday and set a price target of $70. The company’s shares closed yesterday at $70.32.

According to TipRanks.com, George is a 4-star analyst with an average return of 8.7% and a 71.3% success rate. George covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc, Capital One Financial, and Associated Banc-Corp.

Comerica Inc has an analyst consensus of Moderate Buy, with a price target consensus of $77.40.

Based on Comerica Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $792 million and quarterly net profit of $202 million. In comparison, last year the company earned revenue of $725 million and had a net profit of $103 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Comerica, Inc. operates as a financial services company. It operates through the following business segments: Business Bank, Retail Bank, and Wealth Management. The Business Bank segment engages in the middle market businesses, multinational corporations, and governmental entities by offering various products and services.