Compass Point lowered the firm’s price target on U.S. Bancorp to $46 from $47 and keeps a Neutral rating on the shares as the firm is trimming its FY25 core EPS forecast to reflect higher expense estimates for FY25, offset partially by stronger NII and core fee income growth. While the firm says “there’s a lot to like about the USB franchise,” its target reflects less upside potential overall, reflecting a lower share price return compared to its Buy-rated names in the space.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on USB:
- U.S. Bancorp price target lowered to $45 from $46 at Evercore ISI
- U.S. Bancorp price target raised to $47 from $43 at RBC Capital
- U.S. Bancorp price target lowered to $47 from $49 at Stephens
- CFPB proposes to amend regulations for large institutions’ overdraft credit
- U.S. Bancorp (NYSE:USB) Tanks on Mixed Q4 Performance
