Barclays analyst Jason Goldberg raised the firm’s price target on U.S. Bancorp to $57 from $52 and keeps an Overweight rating on the shares post the Q3 report. The bank’s earnings beat as net interest income exceeded guidance and a lower than expected provision also helped, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on USB:
- U.S. Bancorp price target raised to $49 from $46 at Goldman Sachs
- USB Earnings: U.S. Bancorp Delivers Strong Q3 Results
- Early notable gainers among liquid option names on October 16th
- Morning Movers: Synchrony gains, Citizens Financial dips following Q3 releases
- US Bancorp Reports Strong Q3 and Strategic Moves