U.S. Bancorp ticks up after Raymond James upgrades to 'strong buy'

US Bancorp

07/07/2025 14:21

** U.S. Bancorp's USB.N shares rise 0.5% to $48.19 premarket after Raymond James upgrades stock rating to 'strong buy' from 'outperform'

** Brokerage says it has increasing confidence that USB will reach its medium-term profitability targets

** Says Street's lack of confidence in USB's ability to reach medium-term profitability targets creates a buying opportunity for investors, with shares trading at a discounted valuation

** Raymond James also expects investors to move away from mega-cap banks towards regional banks, as sentiment around the industry continues to improve

** Brokerage raises USB PT to $57 from $51, with new PT a 19% upside to stock's last close

**  14 of 24 brokerages rate the stock "buy" or higher, 9 "hold" and 1 "sell"; median PT $50 - data compiled by LSEG

** As of last close, USB stock largely flat YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com))