JP Morgan Downgrades U.S. Bancorp to Neutral, Announces $43.5 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Vivek Juneja has downgraded U.S. Bancorp (NYSE:USB) from Overweight to Neutral and set a price target of $43.5.
June 27, 2024 | 12:41 pm
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JP Morgan analyst Vivek Juneja downgraded U.S. Bancorp from Overweight to Neutral and set a price target of $43.5.
The downgrade from Overweight to Neutral by a major financial institution like JP Morgan is likely to negatively impact investor sentiment and could lead to a short-term decline in U.S. Bancorp's stock price. The new price target of $43.5 also suggests limited upside potential.
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