Truist analyst John McDonald upgraded U.S. Bancorp (USB) to Buy from Hold with a price target of $66, up from $61. Shares offer an attractive risk/reward as the company completes the shift to its front foot with net interest margin inflecting positively, a higher degree of balance sheet and capital flexibility, and the possibility of sustainable positive operating leverage for the next few years, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on USB:
- Trump Trade: L’Oreal, Bausch + Lomb sue for Trump tariff refunds
- Administration weighs requiring banks to collect citizenship info, WSJ reports
- Regional Bank ETFs: Is Now the Best Time to Buy iShares (IAT)?
- Fed to drop some prior demands on bank fixes, Bloomberg says
- U.S. Bancorp price target raised to $62 from $55.50 at JPMorgan