Oppenheimer Reiterates Comerica Rating And PT

Comerica Incorporated's (NYSE: CMA) unique capital base, which is already free of TARP and TruPS, stacks up favorably to its peers' as have the company's credit trends since the beginning of the recent recession, Oppenheimer reports.

“Clearly the financial health of Comerica and quite possibly its simple middle-market commercial banking model were the primary factors behind the regulators allowing the company to be the first regional bank to increase its dividend since the economic crisis hit in 2008,” Oppenheimer writes. “We view this news as positive for shares of Comerica and reiterate our Outperform rating and $42 target.”

Comerica currently trades at $36.74.