Recent exceptional positive changes in investment behavior have benefitted Comerica Incorporated (NYSE: CMA): the stock rose on very heavy volume, and the stock’s recent price rise disrupted its longer term downtrend.
Comerica Incorporated (NYSE: CMA) has benefited from significant positive changes in fundamentals: significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
CMA is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Comerica has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Comerica has a good Power Rating of 70 and a very high Appreciation Score of 90, resulting in the Highest Value Trend Rating.
Recent Price Action
Comerica Incorporated (NYSE: CMA) stock closed at $51.04 on 6/28/24 after a very large increase of 6.7%. Moreover, trading volume in this advance was exceptionally high at 209% of normal. The stock has risen 7.9% during the last week and has been strong relative to the market over the last nine months.
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