Selected stock price target news of the day - April 22nd, 2025

By: Matthew Otto

Comerica Misses on Revenue but Surpasses EPS Expectations in Q1 2025

Comerica reported first quarter 2025 net income of $172 million, or $1.25 per diluted share, exceeding the analyst estimate of $1.16 by $0.09. Total revenue for the quarter was $829 million, slightly below the consensus estimate of $831.13 million.

Net interest income remained stable at $575 million, while net interest margin improved by 12 basis points to 3.18%. Average deposits declined by $1.4 billion to $61.9 billion, and average loans were down $403 million to $50.2 billion. Noninterest income rose to $254 million, with the year-over-year gain partially reflecting the absence of a $19 million securities loss recorded in Q4 2024. Noninterest expenses fell by $3 million to $584 million, as Comerica managed costs despite seasonal increases in salaries and benefits. The efficiency ratio edged higher to 70.28%, while returns on average assets and equity improved to 0.90% and 10.60%, respectively.

Net charge-offs increased to $26 million, or 0.21% of average loans, compared to 0.13% in the prior quarter. The provision for credit losses declined slightly to $20 million, while the allowance for credit losses held steady at $719 million, or 1.44% of total loans. Nonperforming assets decreased by $7 million to $301 million, or 0.60% of total loans and foreclosed property.

Criticized loans rose to $2.6 billion, representing 5.2% of the loan portfolio. Comerica’s capital position strengthened, with an estimated common equity Tier 1 capital ratio of 12.05% and tangible common equity ratio of 7.82%.

Analysts Lower Targets, Citing Cautious Outlook

Keefe, Bruyette & Woods analyst Christopher Mcgratty kept an Outperform rating, yet trimmed the price target from $77 to $68.
Evercore ISI Group analyst John Pancari shifted from In-Line to Underperform and cut the price target from $65 to $50.
Wells Fargo analyst Mike Mayo maintained an Equal-Weight rating but lowered the price target from $67 to $55.
Baird analyst David George reiterated an Outperform rating but revised the price target downward from $80 to $75.
JP Morgan analyst Anthony Elian downgraded from Neutral to Underweight and the price target from $64 to $52.

Which Analyst has the best track record to show on CMA?

Analyst Manan Gosalia (MORGAN STANLEY) currently has the highest performing score on CMA with 12/16 (75%) price target fulfillment ratio. His price targets carry an average of $3.72 (7.25%) potential upside. Comerica stock price reaches these price targets on average within 56 days.

Zions Bancorporation Reports Q1 2025 Earnings with Increased Net Income and Acquisition Growth

Zions Bancorporation reported net earnings applicable to common shareholders of $169 million, or $1.13 per diluted common share, for the first quarter of 2025. This represents an 18% increase compared to the first quarter of 2024, which saw net earnings of $143 million, or $0.96 per diluted common share.

The Q1 2025 results fell short of the analyst estimate of $1.19 per share, missing expectations by $0.06. The reported earnings were also lower than the fourth quarter of 2024, which posted net earnings of $200 million, or $1.34 per diluted share. Zion achieved a 16 basis point increase in net interest margin to 3.44% from the previous quarter. Additionally, adjusted pre-provision net revenue for the quarter rose 10%, amounting to $396 million, up from $360 million in Q1 2024. Zions recorded a charge of $0.11 per share, related to the revaluation of deferred tax assets due to a change in Utah tax laws affecting securities portfolio income.

The acquisition of four branches in California’s Coachella Valley in late March added approximately $630 million in deposits and $420 million in loans. In terms of asset quality, nonperforming assets remained stable at $284 million, or 0.51% of loans and leases, compared to $281 million, or 0.51%, in the previous quarter. The annualized net charge-offs for the quarter were $20 million, or 0.11% of loans and leases. Zions also reported a common equity tier 1 capital ratio of 10.5%, up from 10.3% in Q4 2024.

Analyst Ratings and Price Target Revisions Following Q1 2025 Results

Keefe, Bruyette & Woods analyst Christopher McGratty maintained a Market Perform rating but lowered the price target from $65 to $58.
Wells Fargo analyst Mike Mayo kept an Equal-Weight rating, but reduced the price target from $58 to $47.
Baird analyst David George reiterated a Neutral rating yet adjusted the price target from $58 to $55.
Stephens & Co. analyst Terry McEvoy maintained an Equal-Weight rating yet lowered the price target from $54 to $52.

Which Analyst has the best track record to show on ZION?

Analyst Manan Gosalia (MORGAN STANLEY) currently has the highest performing score on ZION with 5/9 (55.56%) price target fulfillment ratio. His price targets carry an average of $17 (36.17%) potential upside. Zions Bancorporation stock price reaches these price targets on average within 206 days.

Chipotle Expands Internationally with New Mexico Location Amid Cautious Market Outlook

Chipotle Mexican Grill revealed plans to open its first location in Mexico early next year through a partnership with Alsea, a Mexican restaurant operator. This marks Chipotle’s first venture into the Mexican market and its broader international growth strategy, which already includes a partnership with Alshaya Group in the Middle East.

As of now, Chipotle operates over 3,700 locations globally, with plans to open between 315 and 345 new restaurants this year alone. Chipotle has also signed a deal with Alshaya to open three restaurants in Kuwait and two in the United Arab Emirates.

Concerns raised about the challenges of a U.S.-based Mexican fast food chain entering the Mexican market. Antonio Hernandez from Actinver Research pointed to Taco Bell’s previous struggles in Mexico as a cautionary example, noting that consumer familiarity with Chipotle’s menu may not guarantee success. Alsea, which operates over 1,000 restaurants in Latin America and Europe—including brands like Domino’s Pizza, Burger King, and Starbucks—has been diversifying its portfolio with this new partnership.

Analysts Adjust Price Targets Amid Expansion and Market Concerns

Guggenheim analyst Gregory Francfort maintained a Neutral rating yet lowered the price target from $56 to $48.
Wells Fargo analyst Zachary Fadem kept an Overweight rating but reduced the price target from $70 to $60.

Which Analyst has the best track record to show on CMG?

Analyst Alton Stump (LOOP CAPITAL) currently has the highest performing score on CMG with 2/4 (50%) price target fulfillment ratio. His price targets carry an average of $14.97 (29.92%) potential upside. Chipotle Mexican Grill stock price reaches these price targets on average within 4 days.