Stifel Nicolaus Upgrades Fifth Third (FITB), Downgrades US Bancorp (USB)

April 3, 2012 8:28 AM EDT
Get Alerts FITB Hot Sheet
Price: $26.55 +0.87%

Rating Summary:
    12 Buy, 22 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 21 | Down: 31 | New: 25
Trade FITB Now!
Join SI Premium – FREE
Stifel Nicolaus' Christopher Mutascio effectively put out a pair trade Tuesday morning, upgrading shares of Fifth Third (Nasdaq: FITB) while at the same time downgrading shares of US Bancorp (NYSE: USB).

The analyst now rates Fifth Third shares a Buy, up from Hold previously, and set a $17 price target. Mutascio lowered his investment rating on shares of US Bancorp from Buy to Hold and suspended his $32 price target.

Traders are reacting appropriately ahead of the opening bell: Fifth Third shares are up 0.3 percent $14.48 and shares of US Bancorp are down 0.75 percent to $31.47.

Check out our Ratings Insider portal to get the most comprehensive and up-to-date analyst coverage on the Street.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Downgrades, Upgrades

Related Entities


Add Your Comment