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Analyst Rating Flashback: Comerica Up 2.9% Since Downgraded 7 Days Ago (CMA)

By Amy Schwartz

One week ago Comerica (NYSE:CMA) was downgraded from Outperform to Market Perform at FBR Capital. The stock closed at $50.05, which is 2.9% higher than the price one week ago ($48.64).

Comerica (NYSE:CMA) is currently priced 7.6% above its average consensus analyst price target of $46.23. Comerica shares have support at the 200-day moving average (MA) of $41.20 and additional support at the 50-day MA of $39.22.

SmarTrend recommended that subscribers consider buying shares of Comerica on July 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $43.54. Since that recommendation, shares of Comerica have risen 10.4%. We continue to monitor CMA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst reflections Comerica

Ticker(s): CMA