Market Overview

UPDATE: Stifel Nicolaus Upgrades U.S. Bancorp to Buy on ROA, Earning Levers

Share:
Related USB
10 Super Regional Banks To Watch Before The Fed Stress Test
U.S. Bancorp's Consensus Earnings Per Share Estimates At Risk, Says KBW
Bank Stock Roundup: Spurt in Regulatory Probes on Banks; BofA, JPMorgan in Focus - Analyst Blog (Zacks)

Stifel Nicolaus upgraded U.S. Bancorp (NYSE: USB) from Hold to Buy and announced a $39.00 price target.

Stifel Nicolaus commented, "We arrive at our $39 target price by applying a 12x multiple to our 2014 estimate of $3.25. We believe a premium P/E multiple is warranted, given the company's superior ROA and earnings levers in the challenging operating environment. Risks to this target price include a weaker-than-expected economic recovery, which could lower earnings estimates because of weak loan growth and/or higher credit losses. In addition, a dilutive acquisition by the company could be viewed negatively by investors."

U.S. Bancorp closed at $33.65 on Friday.

Latest Ratings for USB

DateFirmActionFromTo
Feb 2015Deutsche BankMaintainsHold
Jan 2015Evercore ISIInitiates Coverage onHold
Jan 2015BarclaysMaintainsOverweight

View More Analyst Ratings for USB
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Upgrades Analyst Ratings

 

Related Articles (USB)

Around the Web, We're Loving...

Get Benzinga's Newsletters