Morgan Stanley analyst Betsy Graseck lowered the firm’s price target on U.S. Bancorp (USB) to $55 from $60 and keeps an Overweight rating on the shares. The firm is reducing estimates for superregional banks given higher uncertainty driven by trade policy and a slower economic growth outlook. Higher and sooner-than-expected tariffs slow the firm’s economists’ GDP growth forecasts in both 2025 and 2026, notes the analyst, who cut 2025 and 2026 estimates for the group by a median 2% and 1%, respectively.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on USB:
- U.S. Bancorp price target lowered to $55 from $65 at Citi
- Hundreds of SEC staff agree to take Trump buyout offers, Reuters reports
- US Bancorp call volume above normal and directionally bullish
- U.S. Bancorp price target lowered to $49 from $50 at BofA
- Positive Outlook for US Bancorp: Buy Rating Based on Potential Earnings Growth and Expense Management