Market Overview

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

Share:
Related USB
Apple, Disney, Valeant, US Bancorp: Fast Money Picks For August 10
US Bancorp Shares Up Nearly 25% In The Past Year; Argus Upgrades, Barclays Harps On Operating Leverage

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
Aug 2017Wells FargoReinstatesMarket Perform
Jul 2017Argus ResearchUpgradesHoldBuy
May 2017Wells FargoDowngradesOutperformMarket Perform

View More Analyst Ratings for USB
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Upgrades Analyst Ratings

 

Related Articles (USB)

View Comments and Join the Discussion!
Loading...
Loading...