Market Overview

UPDATE: J.P. Morgan Reiterates Overweight Rating, Raises PT on U.S. Bancorp

Share:
Related USB
Benzinga's Top #PreMarket Losers
U.S. Bancorp Posts In-Line Q1 Profit, But Revenue Misses Views
Bank Stock Roundup: All About Q1 Earnings; JPMorgan, BofA in Focus - Analyst Blog (Zacks)

In a report published Friday, J.P. Morgan & Co. reiterated its Overweight rating on U.S. Bancorp (NYSE: USB), and raised its price target from $38.50 to $41.00.

J.P. Morgan noted, “We continue to rate U.S. Bancorp Overweight relative to the large cap peer group of bank stocks due to our expectations for favorable business mix, faster growth in revenues than peers from multiple sources, above-average earnings and tangible book value growth, and lower impact from regulatory/political issues. In addition, USB provides greater capital return than peers given high profitability and strong capital ratios.”

U.S. Bancorp closed on Thursday at $34.16.

Latest Ratings for USB

DateFirmActionFromTo
Apr 2015BarclaysMaintainsOverweight
Apr 2015JefferiesMaintainsHold
Feb 2015Deutsche BankMaintainsHold

View More Analyst Ratings for USB
View the Latest Analyst Ratings

Posted-In: J.P. Morgan & Co.Analyst Color Price Target Analyst Ratings

 

Related Articles (USB)

Around the Web, We're Loving...

Get Benzinga's Newsletters