Citigroup Maintains Neutral Rating for U.S. Bancorp: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Citigroup has maintained its Neutral rating for U.S. Bancorp (NYSE:USB) but lowered its price target from $40.00 to $37.00. U.S. Bancorp's shares are currently trading at $33.51, up 0.18% over the last 24 hours. A move to $37.00 would represent a 10.41% increase from the current share price.
September 22, 2023 | 5:00 pm
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NEUTRAL IMPACT
Citigroup has maintained its Neutral rating for U.S. Bancorp but lowered its price target. This could potentially impact the stock's performance in the short term.
Analyst ratings and price targets can significantly influence investor sentiment and stock performance. While the maintained Neutral rating suggests Citigroup's unchanged outlook on U.S. Bancorp, the lowered price target might indicate a less optimistic view on the stock's future performance. However, the actual impact will depend on how investors interpret and react to this news.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100