Baird Downgrades U.S. Bancorp to Neutral, Announces $52 Price Target
Portfolio Pulse from Benzinga Newsdesk
Baird analyst David George has downgraded U.S. Bancorp (NYSE:USB) from Outperform to Neutral and set a price target of $52. This reflects a change in Baird's outlook on the stock, suggesting a more cautious stance on U.S. Bancorp's future stock performance.

December 15, 2023 | 11:24 am
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NEUTRAL IMPACT
Baird analyst David George downgraded U.S. Bancorp to Neutral from Outperform and set a price target of $52, indicating a neutral outlook on the stock's short-term performance.
Analyst downgrades typically lead to a short-term negative reaction in the stock price as they suggest a less optimistic view of the company's future performance. However, since the downgrade is to Neutral and not Sell, and the price target suggests some upside potential, the impact may be moderate. The confidence level is high due to the direct correlation between analyst ratings and stock price movements, but not at 100 because market conditions and other factors could also influence the stock's performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100