Reported 23 days ago
Wells Fargo has decreased its price target for U.S. Bancorp (USB) from $62 to $56 while maintaining an Overweight rating. This adjustment comes as part of their Q1 earnings preview for large-cap banks, highlighting concerns over policy uncertainties despite an overall bullish outlook on the banking sector following major deregulation. The firm has also lowered its estimates for Q1 and the following years due to cautious conditions in investment banking and lending.
Source: YAHOO