Wells Fargo analyst Mike Mayo lowered the firm’s price target on U.S. Bancorp (USB) to $50 from $56 and keeps an Overweight rating on the shares. The firm notes U.S. Bancorp’s core Q1 was roughly in line, owing to better costs, credit, and capital. Its 2025 guide was unchanged, including revenue of +3%-5%. The challenge is sustaining growth while keeping costs flat, Wells adds.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on USB:
- US Bancorp: New Leadership and Attractive Valuation Signal Buy Opportunity
- U.S. Bancorp price target lowered to $49 from $54 at Keefe Bruyette
- U.S. Bancorp price target lowered to $56 from $61 at Barclays
- U.S. Bancorp Reports Strong Q1 2025 Earnings
- U.S. Bancorp price target lowered to $42 from $44 at Goldman Sachs