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

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 StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Keefe, Bruyette & Woods Upgrades Trustmark (TRMK) to Outperform
• JPMorgan Downgrades Beijing Easpring Material Technology Co Ltd. (300073:CH) to Underweight
• Comcast Corp (CMCSA) PT Lowered to $48 at Pivotal Research