Compass Point LLC Reiterates US Bancorp Neutral Rating, Increases PT To $30 (USB)

Compass Point LLC reiterated its US Bancorp USB Neutral rating and increased US Bancorp's price target from $22 to $30 in a research report published today. In the report, Compass Point LLC states, "We believe USB has more than ample reserve coverage, but note that management's cautious approach to credit likely limits a significant reduction in the near term." Shares of US Bancorp are currently trading at $26.77 at the time of posting, up 0.98% from Tuesday's market close.