Truist Upgrades U.S. Bancorp to Buy, Raises Price Target
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 08 2024
0mins
Should l Buy USB?
Source: Benzinga
U.S. Bancorp (USB) shares fell by 4.75% and hit a 20-day low amid broader market weakness, with the Nasdaq-100 down 0.50% and the S&P 500 down 0.75%.
Truist Securities upgraded U.S. Bancorp from Hold to Buy, raising the price target from $61 to $66, reflecting optimism about net interest margins and capital build. Analysts also increased the 2027 EPS estimate by 3% to $5.70, surpassing the Street consensus of $5.56, indicating expected sustainable profitability improvements.
Despite the stock's decline, the upgrade suggests a potential rebound as investor confidence may grow in response to the positive outlook and increased earnings expectations.
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Analyst Views on USB
Wall Street analysts forecast USB stock price to rise
20 Analyst Rating
12 Buy
7 Hold
1 Sell
Moderate Buy
Current: 54.660
Low
50.00
Averages
58.87
High
75.00
Current: 54.660
Low
50.00
Averages
58.87
High
75.00
About USB
U.S. Bancorp is a financial services holding company. Its segments are Wealth, Corporate, Commercial and Institutional Banking, Consumer and Business Banking, Payment Services, and Treasury and Corporate Support. It provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and ATM processing, mortgage banking, insurance, brokerage and leasing. Its banking subsidiary, U.S. Bank National Association (USBNA), is engaged in the banking business, principally in domestic markets. USBNA provides a range of products and services to individuals, businesses, institutional organizations, governmental entities and other financial institutions. Its non-banking subsidiaries offer investment and insurance products to its customers principally within its domestic markets, and fund administration services to a range of mutual and other funds.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Analyst Rating Changes: Top Wall Street analysts have adjusted their ratings on several companies, including upgrades, downgrades, and initiations, reflecting varying market perspectives that could influence investor decisions.
- Market Reaction Expectations: Rating changes by analysts typically attract market attention, as investors may adjust their positions based on these ratings, potentially impacting the price volatility of related stocks.
- Impact of Rating Changes: Upgrades can boost investor confidence and drive stock prices higher, while downgrades may lead to price declines, highlighting the significant role analysts play in the market.
- Access More Information: For a complete view of all analyst rating changes, including specific upgrades and downgrades, investors can visit our analyst ratings page to obtain the latest data and analysis.
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Wall Street Analysts Adjust Ratings
- Analyst Rating Changes: Top Wall Street analysts have adjusted their ratings on several companies, reflecting varying market perspectives that could influence investor decisions and market trends.
- Upgrades and Downgrades: Analysts have issued upgrades and downgrades on certain stocks, with these rating changes likely to directly impact the stock price fluctuations of the affected companies, necessitating investor attention.
- Market Reaction: Rating changes often trigger immediate market reactions, as investors may adjust their positions based on analysts' recommendations, thereby affecting overall market sentiment and liquidity.
- Investment Insights: While the article does not provide specific investment advice, the changes in analysts' ratings offer crucial reference points for investors, aiding them in making more informed investment decisions.
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Truist Securities Upgrades U.S. Bancorp to Buy, Raises Price Target
- Rating Upgrade: Truist Securities upgraded U.S. Bancorp (USB) from Hold to Buy, reflecting a more optimistic outlook on net interest margin and capital build, which is expected to drive the stock price higher.
- Price Target Increase: Analysts raised the price target for USB from $61 to $66, indicating confidence in the company's future profitability and suggesting that the stock price will align more closely with its intrinsic value.
- Stock Performance: On Thursday pre-market, USB shares rose by 1.11% to $56.67, demonstrating a positive market reaction to the upgrade and enhancing investor appeal due to attractive risk/reward dynamics.
- Earnings Forecast Adjustment: Truist increased its 2027 EPS estimate for USB by 3% to $5.70, surpassing the Street consensus of $5.56, indicating that the company's profitability is expected to improve sustainably over the next few years.
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- Military Threat: The U.S. has amassed a significant military presence in the Middle East, with President Trump warning that “bad things” would happen if Iran fails to agree to a new nuclear deal, heightening the urgency of the negotiations.
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- Analyst Rating Changes: Top Wall Street analysts have adjusted their ratings on several companies, including upgrades, downgrades, and initiations, reflecting varying market perspectives that could influence investor decisions.
- Market Reaction Expectations: Rating changes by analysts typically attract market attention, as investors may adjust their positions based on these ratings, potentially impacting the price volatility of related stocks.
- Impact of Rating Changes: Upgrades can boost investor confidence and drive stock prices higher, while downgrades may lead to price declines, highlighting the significant role analysts play in the market.
- Access More Information: For a complete view of all analyst rating changes, including specific upgrades and downgrades, investors can visit our analyst ratings page to obtain the latest data and analysis.
See More
Wall Street Analysts Adjust Ratings
- Analyst Rating Changes: Top Wall Street analysts have adjusted their ratings on several companies, reflecting varying market perspectives that could influence investor decisions and market trends.
- Upgrades and Downgrades: Analysts have issued upgrades and downgrades on certain stocks, with these rating changes likely to directly impact the stock price fluctuations of the affected companies, necessitating investor attention.
- Market Reaction: Rating changes often trigger immediate market reactions, as investors may adjust their positions based on analysts' recommendations, thereby affecting overall market sentiment and liquidity.
- Investment Insights: While the article does not provide specific investment advice, the changes in analysts' ratings offer crucial reference points for investors, aiding them in making more informed investment decisions.
See More
Nvidia and Other Stocks Price Target Analysis
- Nvidia Stock Rise: Nvidia shares rose about 1% this morning following a strong quarterly performance and even stronger guidance, indicating its potential in universal architecture is greater than previously thought, which may attract more investor interest.
- Price Target Increases: JPMorgan raised Nvidia's price target from $250 to $265, implying about a 36% upside, while Morgan Stanley maintained a $260 target despite concerns over its largest customers' cash flows, indicating strong underlying compute demand.
- Salesforce Performance Drag: Salesforce's numbers are negatively impacted by weakness in legacy applications like marketing and Tableau, and although Agentforce reached $800 million in annual recurring revenue, it has not yet compensated for the overall performance shortfall, highlighting challenges in the SaaS market.
- Qnity Electronics Strong Performance: Qnity Electronics exceeded market expectations with a strong fourth-quarter performance and 2026 guidance, announcing a $500 million buyback, leading to an 8.5% rise in shares this morning, reflecting market confidence in its future growth.
See More
Truist Securities Upgrades U.S. Bancorp to Buy, Raises Price Target
- Rating Upgrade: Truist Securities upgraded U.S. Bancorp (USB) from Hold to Buy, reflecting a more optimistic outlook on net interest margin and capital build, which is expected to drive the stock price higher.
- Price Target Increase: Analysts raised the price target for USB from $61 to $66, indicating confidence in the company's future profitability and suggesting that the stock price will align more closely with its intrinsic value.
- Stock Performance: On Thursday pre-market, USB shares rose by 1.11% to $56.67, demonstrating a positive market reaction to the upgrade and enhancing investor appeal due to attractive risk/reward dynamics.
- Earnings Forecast Adjustment: Truist increased its 2027 EPS estimate for USB by 3% to $5.70, surpassing the Street consensus of $5.56, indicating that the company's profitability is expected to improve sustainably over the next few years.
See More
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- Nvidia Rating Reaffirmed: Bank of America raised its price target on Nvidia to $300 from $275, highlighting its transformation from a traditional PC graphics chip vendor to a supplier for high-end gaming, enterprise graphics, and cloud markets, indicating strong market potential.
- Snowflake Rating Maintained: Morgan Stanley lowered its price target on Snowflake to $245 but maintained an overweight rating, reflecting confidence in a healthy demand environment, particularly following the company's fourth-quarter performance.
- Salesforce Price Target Cut: JPMorgan reduced its price target on Salesforce from $365 to $320, emphasizing its leading position in cloud computing and multi-product success story, despite facing market challenges.
- Alcon Upgraded to Overweight: Wells Fargo upgraded Alcon from equal weight to overweight, anticipating growth driven by a new product cycle, raising its price target to $97, which reflects an optimistic outlook on future performance.
See More
Third Round of U.S.-Iran Nuclear Talks Commences
- Negotiation Context: The third round of nuclear talks between the U.S. and Iran commenced on February 18, 2025, in Geneva, with Iran under immense pressure to reach an agreement on the nuclear deal to curb its nuclear and ballistic missile development programs.
- Military Threat: The U.S. has amassed a significant military presence in the Middle East, with President Trump warning that “bad things” would happen if Iran fails to agree to a new nuclear deal, heightening the urgency of the negotiations.
- Iran's Position: Iranian Foreign Minister Abbas Araghchi stated that Iran is showing flexibility in negotiations, emphasizing its right to use nuclear energy for peaceful purposes, while refusing to halt uranium enrichment, which it claims is non-negotiable.
- Economic Pressure: Facing economic sanctions and domestic protests, analysts suggest that while the negotiation outlook remains uncertain, imminent U.S. military action is not expected to pose an immediate threat in the short term.
See More
