Comerica: Truist Securities raises Hold rating, PT to $68 from $61.

Comerica: Truist Securities raises Hold rating, PT to $68 from $61.

On July 2, 2025, Truist Securities adjusted its rating and price target for Comerica Inc. (CMA), raising its rating from Hold to Hold and increasing the price target from $61 to $68. This revision comes following the company's strong second-quarter earnings report, which was released on July 18, 2025 [2].

Comerica reported earnings per share (EPS) of $1.42, a 14% increase over the prior quarter, and surpassed analyst expectations. The company's quarterly sales reached $849 million, also beating the expected $842.389 million. These positive results led to a 4.7% increase in the stock price, closing at $65.32 on July 21, 2025 [1].

Several analysts have also adjusted their price targets for Comerica in response to the strong financial performance. Keefe, Bruyette & Woods analyst Christopher Mcgratty increased his price target from $69 to $73, while Stephens & Co. analyst Terry McEvoy raised his target from $61 to $68. UBS analyst Nicholas Holowko set a price target of $64, maintaining a neutral rating [1].

Despite the positive earnings report, Comerica faces challenges such as declining average deposits, rising deposit pricing, and increased criticized loans, particularly in the middle market segment. The company's full-year 2025 projections indicate a 5% to 7% growth in net interest income, a 2% increase in non-interest income, and a 2% increase in non-interest expenses [2].

The current stock price of CMA is $64.70, reflecting a decrease of approximately 0.96% or $0.63. Over the past year, CMA has reached a high of $73.45 and a low of $48.12. The company's market capitalization stands at approximately $8.5 billion. Today's trading volume for CMA is 1,302,402 shares on the NYSE [1].

Based on the one-year price targets offered by 18 analysts, the average target price for Comerica Inc. (CMA) is $64.89 with a high estimate of $75.00 and a low estimate of $50.00. The average target implies a downside of 2.61% from the current price of $66.63. The consensus recommendation from 22 brokerage firms is a Hold status [2].

References:
[1] https://site.financialmodelingprep.com/market-news/ubs-sets-price-target-for-comerica-cma-amid-strong-financial-performance
[2] https://www.gurufocus.com/news/3001195/comerica-cma-sees-price-target-increase-following-q2-results-cma-stock-news