TD Cowen analyst Steven Alexopoulos lowered the firm’s price target on U.S. Bancorp (USB) to $58 from $60 and keeps a Buy rating on the shares. The firm said while core EPS of $1.14 beat, with NII coming in light this prompted a guide-down on revenue for FY25. Although Cowen understands investor frustration with another setback, with a new CEO now operating with a greater sense of urgency, they suspect a growing motivation at the company to step up organic growth.
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