Compass Point Upgrades U.S. Bancorp (USB) to Buy

Compass Point analyst David Rochester upgraded U.S. Bancorp (NYSE: USB) from Neutral to Buy with a price target of $49.00 (from $46.00).

The analyst said: "We are upgrading shares of USB to Buy from Neutral, raising our price target by $3 to $49, and adjusting our FY24/25 core EPS ests. to $3.67/$4.40 from $3.77/$4.55, with our slightly lower FY24/25 core EPS est. reflecting our lower core NII/NIM, and lower core fee income, partially offset by lower provision, vs. our prior est. We see more notable upside to the shares over the next year."

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 $44.45 yesterday.

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