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Piper upgrades U.S. Bancorp to Overweight on ‘durability’
The Fly

Piper upgrades U.S. Bancorp to Overweight on ‘durability’

Piper Sandler analyst R. Scott Siefers upgraded U.S. Bancorp to Overweight from Neutral with a price target of $57, up from $53. U.S. Bancorp is as one of the "sturdiest" large regional stories in an uncertain environment, yet the stock’s valuation does not give due credit, the analyst tells investors in a research note. Piper has confidence in the company’s "durability" in an uncertain environment.

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