In a report published Friday, J.P. Morgan & Co. reiterated its Overweight rating on U.S. Bancorp 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.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in