Morgan Stanley raised the firm’s price target on U.S. Bancorp (USB) to $51 from $50 and keeps an Overweight rating on the shares. The firm expects robust equities trading activity, with investment banking revenues better than management guidance, the analyst tells investors in a research note. With capital requirements lower following last week’s stress test, the firm expects management will begin to provide visibility on share buyback plans.
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Read More on USB:
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