Seeking Alpha

Comerica boosted at Raymond James

  • Raymond James throws in the towel on its Sell rating of Comerica (CMA -0.2%) with the stock ahead nearly 50% YTD.
  • JPMorgan's Steven Alexopoulos says the stock is still attractively valued if taking a longer term view and calls the bank a play on rising interest rates - 85% of loans are floating rate and 45% of deposits are noninterest bearing. He rates the stock a Buy.
  • Last month: Comerica jumps past Q3 earnings estimates.
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