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JPMorgan Downgrades U.S. Bancorp (USB) to Neutral

June 27, 2024 5:05 AM EDT

JPMorgan analyst Vivek Juneja downgraded U.S. Bancorp (NYSE: USB) from Overweight to Neutral with a price target of $43.50.

The analyst comments "We are downgrading US Bancorp to Neutral from Overweight relative to peers. The sharp increase in capital requirements adds another headwind... More