BofA raised the firm’s price target on U.S. Bancorp (USB) to $54 from $49 and keeps a Buy rating on the shares. The firm adjusted regional bank price targets as part of a Q2 earnings preview. A lack of interest rate cuts delay a rebound in growth, but “resilient” earnings, an acceleration in loan growth, and investment banking activity server as catalysts for the stocks, the analyst tells investors in a research note.
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Read More on USB:
- U.S. Bancorp price target raised to $48.50 from $42 at JPMorgan
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- U.S. Bancorp price target raised to $52 from $49 at Keefe Bruyette
- U.S. Bancorp price target raised to $61 from $54 at HSBC
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