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.
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