Rochdale's Bove Upgrades US Bancorp (USB) to Buy, $28 Target

September 17, 2009 8:00 AM EDT

Rochdale's Dick Bove upgraded shares of US Bancorp (NYSE: USB) this morning, also lifting his price target. The analyst moved his investment rating on the bank from Neutral to Buy, also boosting his price target from $25 to $28.

With shares of US Bancorp up nearly 2% to $23.25 in this morning's pre-market session, Bove's price target represents potential upside of about 20% from current levels.

Click here to see all the analyst upgrades/downgrades on shares of US Bancorp.


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