Alert: Positive Investment/Fundamental Signals (11/29/23)-Comerica Incorporated (NYSE: CMA)


Comerica Incorporated (NYSE: CMA) has benefited from exceptional positive changes in investment behavior: its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.

Recent significant positive changes in fundamentals have benefitted Comerica Incorporated (NYSE: CMA): significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, CMA is expected to continue to be an important Value Builder.

Comerica has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Comerica has a good Appreciation Score of 81 but a neutral Power Rating of 46, triggering the Positive Value Trend Rating.

Recent Price Action

Comerica Incorporated (NYSE: CMA) stock enjoyed a large increase of 3.4% on 11/29/23. The stock closed at $45.08. Moreover, this advance was accompanied by above average trading volume at 123% of normal. The stock has performed in line with the market over the last nine months and has risen 0.7% during the last week.

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