Jefferies raised the firm’s price target on U.S. Bancorp (USB) to $60 from $55 and keeps a Hold rating on the shares. The company delivered a mixed quarter with core EPS and PPNR ahead of expectations, though slightly weaker NII guidance weighed on the overall outlook, the analyst tells investors in a research note. The firm noted that capital remains well positioned with CET1 at 10.8%, supported by strong organic generation.
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