Wedbush Starts U.S. Bancorp (USB) at Neutral

Wedbush initiates coverage on U.S. Bancorp (NYSE: USB) with a Neutral rating and a price target of $46.00.

Analyst Peter Winter commented, "We believe the stock is nearly fairly valued as it’s trading at a slight premium to its regional bank peers. In our view, USB deserves the slight premium given its low-risk balance sheet and leading profitability metrics. However, further multiple expansion could be challenging as EPS growth was weak last year and we are forecasting slightly below-average EPS growth for at least the next two years."

For an analyst ratings summary and ratings history on U.S. Bancorp click here. For more ratings news on U.S. Bancorp click here.

Shares of U.S. Bancorp closed at $43.89 yesterday.

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