Equity Analysis /
United States of America

US : Comerica Inc. - CMA | Upgrading to Outperform; Steepening Yield Curve Should Fuel Continued Outperformance

    Contributors
    Joseph Yanchunis
    Carl-Harry Doirin
    CGS-CIMB
    14 January 2021
    Published byCGS-CIMB

    We are upgrading CMA shares from Market Perform to Outperform and establishing a $71 price target. Our upgrade reflects the steepening of the yield curve (2-10 spread widest since April '17), recent discussion of tapering of central bank asset purchases (link), and the prospect of the Fed increasin