U.S. Bancorp shares are trading lower after Citigroup maintained a Neutral rating on the stock and lowered its price target from $39 to $33.
Portfolio Pulse from Benzinga Newsdesk
U.S. Bancorp shares are trading lower after Citigroup maintained a Neutral rating on the stock and lowered its price target from $39 to $33.
June 12, 2023 | 4:17 pm
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U.S. Bancorp shares are trading lower after Citigroup maintained a Neutral rating on the stock and lowered its price target from $39 to $33.
The lowered price target by Citigroup directly impacts U.S. Bancorp's stock price, as it indicates a less optimistic outlook on the company's future performance. This can lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100