U.S. Bancorp shares are trading lower after JP Morgan downgraded the stock from Overweight to Neutral.
Portfolio Pulse from Benzinga Newsdesk
U.S. Bancorp shares are trading lower after JP Morgan downgraded the stock from Overweight to Neutral.
June 27, 2024 | 1:11 pm
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NEGATIVE IMPACT
U.S. Bancorp shares are trading lower following a downgrade by JP Morgan from Overweight to Neutral.
The downgrade by a major financial institution like JP Morgan is likely to negatively impact investor sentiment and lead to a short-term decline in U.S. Bancorp's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100