da davidson on thursday cut its rating on financialservices firm comerica inc to neutral from buy while citigroup reiterated a buy rating and said the stock’s drop on its results may be overblown both analysts however reduced their 2022 earnings targets for comerica cma  which is a component of the sp 500 spx  da davidson’s peter winter said one key factor in his downgrade is that comerica’s net interest income may peak in the fourth quarter with some downside risk he also cited deposit outflows that are “more than expected and will likely continue” winter reduced his fourthquarter earnings estimate for comerica to 272 a share from 286 a share and also cut his price target on the stock to 78 a share from 95 a share citi analyst keith horowitz reiterated a buy rating and said the 9 drop in comerica stock on wednesday was driven by commentary from the company that net interest income may be pressured in the fourth quarter as well as by jitters around a 25 hit in its tangible book value on reduced contributions from its other comprehensive income oci “our view is 1 2023 earnings and net interest income outlook is roughly consistent with consensus prior to the 3q release and 2 looking at tangible book value in isolation is fundamentally flawed” horowitz said in a research note horowitz said he focuses more on tier 1 common equity regulatory capital for comerica that figure increased 4 in the third quarter over the previous quarter the stock offers a “compelling value” horowitz said reiterating a price target of 90 a share he cut his 2022 earnings target for comerica by 25 cents to 850 a share and his 2023 view by 20 cents a share to 1015 a share while raising his 2024 estimate for the company by 50 cents to 1110 a share meanwhile truist securities analyst jennifer h demba also reiterated a buy rating on comerica while cutting her 2022 earnings estimate for the company to 854 a share from 871 a share “while most of the net interest margin upside may have been realized there is more support from its very large noninterest bearing nbi deposit base and liquid balance sheet” demba said she said the company remains well positioned when rates reverse course and move down shares of comerica fell 04 on thursday after sliding 9 in regular trading on wednesday