U.S. Bancorp price target lowered to $59 from $60 at Morgan Stanley

Morgan Stanley analyst Betsy Graseck lowered the firm’s price target on U.S. Bancorp (USB) to $59 from $60 and keeps an Overweight rating on the shares. Management had been bullish post investor day, but guidance calls for about 4% revenue growth in 2025, notes the analyst. The guidance “seems conservative” and the stock “seems oversold,” added the analyst, who is decreasing the firm’s 2025 EPS estimate by 5.3% to $4.49 and decreasing 2026 EPS by 1.6% to $4.92.

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