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HomeUSRBC Capital Reaffirms Their Buy Rating on US Bancorp (USB)

RBC Capital Reaffirms Their Buy Rating on US Bancorp (USB)

In a report released on June 27, Gerard Cassidy from RBC Capital maintained a Buy rating on US Bancorp (USB – Research Report), with a price target of $47.00. The company’s shares closed yesterday at $39.70.
Cassidy covers the Financial sector, focusing on stocks such as JPMorgan Chase & Co., Truist Financial, and Citigroup. According to TipRanks, Cassidy has an average return of 14.6% and a 61.40% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for US Bancorp with a $46.53 average price target, a 17.20% upside from current levels. In a report released on June 26, Barclays also maintained a Buy rating on the stock with a $52.00 price target.
USB market cap is currently $61.92B and has a P/E ratio of 13.16.
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US Bancorp (USB) Company Description:
Minnesota-based U.S. Bancorp is a financial services holding company and offers services including lending and depository services, cash management, foreign exchange and trust and investment management. It also offers mortgage, refinance, auto, boat & RV loans, credit lines, credit card services, merchant, bank, checking & savings accounts, debit cards, online & mobile banking, ATM processing, mortgage banking, insurance, brokerage and leasing services.

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