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Enter Symbol:
 
Comerica Incorporated (CMA) [hlAlert]

Rating:
Neutral CMA
down 47.60 %

Comerica Incorporated (CMA) downgraded to Neutral with price target $20 by Sterne Agee

Posted on: Friday,  Apr 3, 2009  9:25 AM ET by Sterne Agee

Sterne Agee rated Neutral Comerica Incorporated (NYSE: CMA) on 04/03/2009. Previously Sterne Agee rated Buy Comerica Incorporated (NYSE: CMA) on 05/29/2008.,
when the stock price was $35.75. Since then, Comerica Incorporated has lost 47.61% as of 04/03/2009's recent price of $18.73.
If you would have followed the previous Sterne Agee's recommendation on CMA, you would have lost 47.6% of your investment in 309 days.

Comerica Incorporated (Comerica) is a financial services company. Comerica operates through three business segments: Business Bank, Retail Bank, and Wealth & Institutional Management. In addition to the three lines of business, Comerica also operates through a Finance Division. The Business Bank segment primarily consists of middle market, commercial real estate, national dealer services, international finance, global corporate, leasing, financial services, and technology and life sciences. The Retail Bank segment includes small business banking and personal financial services, consisting of consumer lending, consumer deposit gathering and mortgage loan origination. The Wealth & Institutional Management segment offers products and services consisting of fiduciary services, private banking, retirement services, investment management and advisory services, investment banking and discount securities brokerage services.

For more than a century, Sterne Agee has worked in the belief that succeed only when our clients thrive. For a brokerage firm to survive for more than 100 years is hard enough. One can only thrive that long, though, by ensuring that your clients thrive first. Sterne Agee is one of the oldest and largest privately held brokerage firms left in the industry. Sterne Agee is a member of the New York Stock Exchange, and a registered Broker Dealer. Sterne Agee offers clients all the advantages of a full-service firm, yet retain the flexibility and personal attention that are rarely found in the huge names. Sterne Agee's expertise includes retail and institutional brokerage; investment banking and underwriting; secondary trading of corporate, municipal, and government securities; and market making in over-the-counter stocks.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/3/2009 9:25 AM Hold
None
18.73 20.00
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD down  -5.64 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/29/2008 9:25 AM Buy
None
35.75 44.00

(*) Stock Price at the time of the recommendation.
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