U.S. Bancorp Analysts Increase Their Forecasts After Q2 Results
Portfolio Pulse from Lisa Levin
U.S. Bancorp (NYSE:USB) reported better-than-expected Q2 sales results with a 19.7% YoY growth to $7.197 billion. The company's shares gained 6.5% to close at $38.91 on Wednesday and added 1.4% in pre-market trading. Following the earnings announcement, B of A Securities and Citigroup increased their price targets on U.S. Bancorp, while Raymond James upgraded the company from Underperform to Market Perform.
July 20, 2023 | 10:53 am
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POSITIVE IMPACT
U.S. Bancorp reported strong Q2 results, leading to a rise in its share price and positive adjustments from analysts. This could potentially lead to a short-term increase in the company's stock price.
U.S. Bancorp's better-than-expected Q2 results have led to a rise in its share price and positive adjustments from analysts. This positive news is likely to increase investor confidence and could potentially lead to a short-term increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100