Wells Fargo Maintains Overweight on U.S. Bancorp, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Mike Mayo has maintained an Overweight rating on U.S. Bancorp (NYSE:USB) and increased the price target from $43 to $50.
December 14, 2023 | 5:50 pm
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Wells Fargo analyst Mike Mayo reaffirmed an Overweight rating on U.S. Bancorp and raised the price target to $50, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically signals a bullish outlook on the stock, suggesting that the analyst expects the stock to perform well in the near term. Investors often view such updates as a positive sign, which can lead to an increase in stock price.
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IMPORTANCE 85
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