- The Consumer Finance Protection Bureau has dismissed its lawsuit against Comerica Bank without prejudice.
- Analysts predict a potential 30.69% upside for Comerica Inc (CMA, Financial) stock with an average target price of $66.70.
- Comerica Inc’s stock is currently rated as “Hold” by 22 brokerage firms, with a GF Value estimate suggesting a 17.65% upside.
CFPB Lawsuit Against Comerica Bank Withdrawn
The Consumer Finance Protection Bureau (CFPB) has officially withdrawn its lawsuit against Comerica Bank (CMA), which focused on the alleged mishandling of a government benefits program involving prepaid debit cards. The case has been dismissed without prejudice in a Texas court, marking a significant update in the legal landscape that initially began under the leadership of former CFPB Director Rohit Chopra.
Wall Street Analysts’ Price Targets for Comerica Inc
In the competitive world of stock market analysis, 19 analysts have offered their one-year price targets for Comerica Inc (CMA, Financial), resulting in an average target price of $66.70. This average estimate represents a notable upside of 30.69% from the current trading price of $51.04. The high and low projections for the stock are $80.00 and $55.00, respectively. For further detailed estimates, visit the Comerica Inc (CMA) Forecast page.
Brokerage Recommendations and GF Value Analysis
Comerica Inc’s stock currently holds a “Hold” status, according to the consensus recommendation from 22 brokerage firms, with an average brokerage recommendation score of 2.9 on a scale where 1 represents a “Strong Buy” and 5 indicates “Sell.”
Furthermore, based on GuruFocus GF Value estimates, Comerica Inc’s stock is projected to reach a value of $60.05 within one year. This reflects a potential upside of 17.65% from its current market price of $51.04. The GF Value is a proprietary measure by GuruFocus that assesses a stock’s fair value, based on historical trading multiples, past business growth, and future performance estimates. For more insights, the Comerica Inc (CMA, Financial) Summary page offers comprehensive data.
