Truist has upgraded U.S. Bancorp to a 'Buy' rating with a new price target of $66, reflecting confidence in the bank's financial performance as it currently trades at $55.86. This upgrade follows strong metrics, including a market capitalization of $87.08 billion, a net interest income growth of 5.4%, and a net interest margin of 2.7%. Meanwhile, Evercore ISI has also raised its price target for U.S. Bancorp to $65, while JPMorgan continues to hold an 'Underweight' rating despite increasing its own target to $62.
“Truist · upgraded · U.S. Bancorp (USB) · Buy from Hold with a price target of $66”
“Truist · upgraded · U.S. Bancorp (USB) · Buy from Hold with a price target of $66, up from $61”
“U.S. Bancorp · Low · Low · 54.085”
“U.S. Bancorp · has a market capitalization of · dollars · 87.08 billion”
“U.S. Bancorp · has an annual net interest income growth of · percentage · 5.4%”
“U.S. Bancorp · has a net interest margin of · percentage · 2.7%”
“U.S. Bancorp · has a below-average annual tangible book value per share increase of · percentage · 3.1%”
“U.S. Bancorp · is trading at a stock price of · dollars · 55.86”
“Truist · upgraded · U.S. Bancorp (USB) · Buy from Hold with a price target of $66”
“U.S. Bancorp · has a Zacks Rank · #2 · Buy”
“U.S. Bancorp · has a forward P/E ratio · 11.38”
“U.S. Bancorp · has a PEG ratio · 1.02”
