Stephens lowered the firm’s price target on U.S. Bancorp (USB) to $43 from $55 and keeps an Equal Weight rating on the shares. Accelerating growth within payments and interconnection across business lines has been a priority in the past, notes the analyst, who is “willing to be patient and watch from the sidelines for a few quarters.”
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Read More on USB:
- U.S. Bancorp price target lowered to $51 from $57 at Raymond James
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- US Bancorp: New Leadership and Attractive Valuation Signal Buy Opportunity
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