Jefferies Raises Price Target U.S. Bancorp (USB), Keeps 'Hold' Rating

Jefferies lifted its price target on U.S. Bancorp (NYSE: USB) from $29 to $30 but kept its Hold rating.

The firm comments, "USB continues to build on its reputation of earnings consistency, beating Street estimates across most line items. We raise '12 estimates by a dime (to $2.65) and '13 estimates by a nickel (to $2.80). Higher starting points for payments and mortgage banking revenue are the primary drivers of EPS revisions. Our price target moves to $30 from $29 to reflect our new EPS estimates."

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 $29.08 yesterday.

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