U.S. Bancorp price target raised to $44 from $40 at BofA

BofA analyst Ebrahim Poonawala raised the firm’s price target on U.S. Bancorp to $44 from $40 and keeps a Buy rating on the shares. Negative sentiment on bank stocks and “what was up to recently an idiosyncratic regulatory overhang” on U.S. Bancorp “have created a compelling risk/reward to own what is arguably among the best run financials franchises” in the U.S., the analyst tells investors. The stock is trading in-line with super-regional peers, despite superior growth potential and “a resilient ROTCE profile,” the analyst added.