Keefe Bruyette raised the firm’s price target on U.S. Bancorp (USB) to $52 from $49 and keeps a Market Perform rating on the shares following a transfer of coverage. The firm is bullish on the long-term structural benefits of scale for the large-cap banks. It prefers business models that can produce leading returns with high degrees of predictability.
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Read More on USB:
- U.S. Bancorp price target raised to $61 from $54 at HSBC
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- U.S. Bancorp price target raised to $51 from $50 at Morgan Stanley
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