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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Published first on TheFly
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