Truist raised the firm’s price target on U.S. Bancorp (USB) to $50 from $48 and keeps a Hold rating on the shares as part of a broader research note previewing Q2 results for U.S. Banks. The recessionary fears that drove the steep sell-off ahead of last quarter’s results mostly played out in multiples, as did the subsequent rebound, the analyst tells investors in a research note.
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Read More on USB:
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