Wells Fargo analyst Mike Mayo raised the firm’s price target on U.S. Bancorp to $60 from $52 and keeps an Overweight rating on the shares. The firm says USB inflected from negative to positive for net interest income growth and operating leverage as part of what looks like a multi-year inflection point. Wells nudges up estimates.
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 $57 from $52 at Barclays
- 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