U.S. Bancorp downgraded to Peer Perform from Outperform at Wolfe Research

Wolfe Research analyst Bill Carcache downgraded U.S. Bancorp to Peer Perform from Outperform without a price target. The analyst expects the stock’s performance to be tempered by the bank’s "growth constraints" as it works to accrete capital and slow buybacks as it prepares for its Category II bank transition.