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TD Cowen Reaffirms Their Buy Rating on US Bancorp (USB)

Tipranks - Tipranks - Thu Jan 22, 6:56AM CST

TD Cowen analyst Steven Alexopoulos maintained a Buy rating on US Bancorp yesterday and set a price target of $66.00. The company’s shares closed yesterday at $54.38.

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According to TipRanks, Alexopoulos is a 4-star analyst with an average return of 2.7% and a 57.79% success rate. Alexopoulos covers the Financial sector, focusing on stocks such as JPMorgan Chase, Bank of America, and KeyCorp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for US Bancorp with a $61.63 average price target, implying a 13.33% upside from current levels. In a report released today, Barclays also maintained a Buy rating on the stock with a $65.00 price target.

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Based on US Bancorp’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $11.01 billion and a net profit of $2 billion. In comparison, last year the company earned a revenue of $10.78 billion and had a net profit of $1.71 billion

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