JP Morgan Maintains Overweight on U.S. Bancorp, Lowers Price Target to $43.5
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Vivek Juneja has maintained an Overweight rating on U.S. Bancorp (NYSE:USB) but has lowered the price target from $45 to $43.5.

May 01, 2024 | 7:21 pm
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JP Morgan analyst Vivek Juneja maintains an Overweight rating on U.S. Bancorp but lowers the price target from $45 to $43.5.
The adjustment in price target by a prominent analyst like Vivek Juneja, while maintaining an Overweight rating, suggests a positive outlook on U.S. Bancorp's fundamentals but with a slightly tempered valuation expectation. This could lead to a neutral short-term impact on the stock as the market digests the new price target against the backdrop of an overall positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100