Keefe, Bruyette & Woods Downgrades U.S. Bancorp to Market Perform, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst David Konrad downgraded U.S. Bancorp (USB) from Outperform to Market Perform and reduced the price target from $52 to $45.

April 18, 2024 | 12:23 pm
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U.S. Bancorp was downgraded from Outperform to Market Perform by Keefe, Bruyette & Woods, with a price target reduction from $52 to $45.
Downgrades by analysts, especially from Outperform to Market Perform, typically signal a bearish outlook on the stock, suggesting that the analyst believes the stock may not perform as well as the market going forward. The reduction in price target further emphasizes a lowered expectation for the stock's future performance, which can negatively impact investor sentiment and potentially lead to a decrease in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100