HSBC Initiates Coverage On U.S. Bancorp with Hold Rating, Announces Price Target of $39
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Saul Martinez has initiated coverage on U.S. Bancorp (NYSE:USB) with a Hold rating and a price target of $39.
September 07, 2023 | 9:23 am
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HSBC has initiated coverage on U.S. Bancorp with a Hold rating and a price target of $39. This could potentially influence the stock's performance in the short term.
Analyst ratings and price targets can influence investor sentiment and thus the stock price. In this case, HSBC's Hold rating suggests that they expect U.S. Bancorp's stock to perform in line with the market or sector average. The price target of $39 provides a reference point for investors, which could influence buying or selling decisions.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100