US Bancorp Analyst Says It's 'Highest Quality Franchise' In The Sector
Portfolio Pulse from Priya Nigam
Shares of US Bancorp (NYSE:USB) continued to rise despite concerns following the Federal Reserve's latest stress test report for the banking sector. BofA Securities analyst Ebrahim Poonawala upgraded US Bancorp from Neutral to Buy and raised the price target from $38 to $40, citing the company's potential for superior earnings growth and its strong position in the US banking industry.
July 11, 2023 | 2:43 pm
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POSITIVE IMPACT
US Bancorp's stock continues to rise despite concerns in the banking sector. The company has been upgraded from Neutral to Buy by BofA Securities, with a raised price target of $40.
The upgrade from BofA Securities, along with the raised price target, indicates a positive outlook for US Bancorp. This, coupled with the company's continued stock rise despite sector-wide concerns, suggests a potential short-term positive impact on the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100