BofA raised the firm’s price target on U.S. Bancorp (USB) to $49 from $48 and keeps a Buy rating on the shares. New CEO Gunjan Kedia was very clear during the earnings call that U.S. Bancorp needs a turnaround and a sense of urgency from new leadership is “good to see,” says the analyst. However, the stock valuation reflects investor skepticism, adds the analyst, who nudged the firm’s 2026 and 2027 estimates up, driven by the Q1 EPS beat and improved outlook.
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Read More on USB:
- U.S. Bancorp price target lowered to $43 from $55 at Stephens
- U.S. Bancorp price target lowered to $51 from $57 at Raymond James
- U.S. Bancorp price target lowered to $48 from $49 at Piper Sandler
- U.S. Bancorp price target lowered to $50 from $56 at Wells Fargo
- US Bancorp: New Leadership and Attractive Valuation Signal Buy Opportunity
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