Market Overview

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

Share:
Related USB
10 Stocks Highlighted On Wednesday's PreMarket Prep
A Peek Into The Markets: U.S. Stock Futures Rise Ahead Of Earnings
A Simple Way To Analyze Berkshire Hathaway Holdings (Seeking Alpha)

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
Nov 2017JP MorganMaintainsNeutral
Oct 2017NomuraMaintainsNeutral
Oct 2017Morgan StanleyMaintainsUnderweight

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)

View Comments and Join the Discussion!

Partner Center