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USB

U.S. Bancorp

$52.55

-0.05 (-0.10%)

18:03
03/21/18
03/21
18:03
03/21/18
18:03

U.S. Bancorp raises prime lending rate to 4.75%

U.S. Bancorp announced it has raised its prime lending rate to 4.75% from 4.50%, effective tomorrow, March 22, 2018, at all U.S. Bank locations. U.S. Bancorp last announced a change in its prime lending rate on December 13, 2017, when it was increased 25 basis points to 4.50%.

  • 08

    Apr

  • 30

    May

USB U.S. Bancorp
$52.55

-0.05 (-0.10%)

01/18/18
RBCM
01/18/18
NO CHANGE
Target $61
RBCM
Outperform
U.S. Bancorp price target raised to $61 from $57 at RBC Capital
RBC Capital analyst Gerard Cassidy raised his price target on U.S. Bancorp to $61 after a Q4 earnings beat. Cassidy says the bank sports a "peer leading reported core ROAA of 1.33% and ROACE of 13.4%" in the quarter, while also showing "improving loan quality". The analyst keeps his Outperform rating on U.S. Bancorp.
01/25/18
DBAB
01/25/18
UPGRADE
Target $63
DBAB
Buy
U.S. Bancorp upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Matt O'Connor upgraded U.S. Bancorp to Buy and raised his price target for the shares to $63 from $60. The analyst believes U.S. Bancorp's loan growth should pick up and expects its fee revenues to accelerate in the second half of 2018.
01/31/18
JPMS
01/31/18
DOWNGRADE
Target $58.5
JPMS
Underweight
U.S. Bancorp downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Vivek Juneja downgraded U.S. Bancorp to Underweight with an unchanged price target of $58.50. The benefit from tax cuts and improving consumer spending are likely to be offset by increased tech spending, Juneja tells investors in a research note. The analyst sees the company's dividend growth lagging peers.
01/31/18
01/31/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Apple (AAPL) downgraded to Market Perform from Outperform at BMO Capital with analyst Tim Long saying that while the press has recently speculated about the order cuts for iPhone X, which he says reflects his first quarter model for a "weaker mix," he is "more concerned by a secular change" for the iPhone product. AK Steel (AKS) downgraded to Underperform from Buy at BofA/Merrill with analyst Timna Tanners saying AK Steel's "disappointing" first quarter and normalized earnings guidance is due to management's "commodity neutral approach," which limits benefits from higher steel prices. 3. U.S. Bancorp (USB) downgraded to Underweight from Neutral at JPMorgan with analyst Vivek Juneja saying the benefit from tax cuts and improving consumer spending are likely to be offset by increased tech spending. 4. Wayfair (W) downgraded to Accumulate from Buy at Gordon Haskett analyst Chuck Grom saying he believes it is important to remain disciplined with the stock at an all-time high, though Grom notes the rating change should not be interpreted as a concern for near-term sales trends, which he believes appear strong. 5. MetLife (MET) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Alex Scott citing ongoing uncertainty from an expanded reserve review following the announcement it will incur a $525M-$575M charge. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

FIT

Fitbit

$5.93

0.22 (3.86%)

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MMM

3M

$204.54

-0.27 (-0.13%)

, SGMS

Scientific Games

$30.45

0.85 (2.87%)

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MMM

3M

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SGMS

Scientific Games

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BPY

Brookfield Property

$19.94

-0.15 (-0.75%)

14:49
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Brookfield Property management to meet with RBC Capital »

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LCI

Lannett

$5.40

-8.1 (-60.00%)

14:49
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Downgrade
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AABA

Altaba

$69.92

1.74 (2.55%)

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Options
Altaba Inc options imply 7.0% move in share price post-earnings, above median historical move »

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SUM

Summit Materials

$20.26

0.31 (1.55%)

14:47
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Conference/Events
Summit Materials management to meet with RBC Capital »

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  • 21

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  • 10

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CAPL

CrossAmerica

$18.15

0.15 (0.83%)

, ANDV

Andeavor

$147.76

2.82 (1.95%)

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CAPL

CrossAmerica

$18.15

0.15 (0.83%)

ANDV

Andeavor

$147.76

2.82 (1.95%)

ANCUF

Alimentation Couche-Tard

$0.00

(0.00%)

03/08/13
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GME

GameStop

$15.94

0.61 (3.98%)

14:45
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Options
GameStop call volume above normal and directionally bullish »

Bullish option flow…

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PHII

PHI, Inc

$8.59

0.09 (1.06%)

14:45
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Hot Stocks
Alesia Value fund reports 4.7% stake in PHI »

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AAPL

Apple

$216.05

-1.6 (-0.74%)

14:41
08/20/18
08/20
14:41
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14:41
Periodicals
Breaking Periodicals news story on Apple »

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MCHVF

MGM China

$0.00

(0.00%)

14:36
08/20/18
08/20
14:36
08/20/18
14:36
Upgrade
MGM China rating change  »

MGM China upgraded to Buy…

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14:35
08/20/18
08/20
14:35
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14:35
General news
The Fed has become an unexpected focus »

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General news
Canada wholesale preview »

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CTWS

Connecticut Water

$69.10

0.1 (0.14%)

14:34
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PURA approves rate settlement agreement for Connecticut Water »

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WMB

Williams

$30.38

-0.095 (-0.31%)

14:30
08/20/18
08/20
14:30
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14:30
Conference/Events
Williams management to meet with RBC Capital »

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  • 21

    Aug

  • 22

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AMZN

Amazon.com

$1,880.70

-1.24 (-0.07%)

14:29
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14:29
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Periodicals
Amazon hires well-known cardiologist amid push into health, CNBC says »

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  • 13

    Sep

AMCX

AMC Networks

$61.70

1.28 (2.12%)

14:25
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AMC Networks management to meet with RBC Capital »

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  • 21

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OSPR

Osprey Energy Acquisition

$11.27

0.065 (0.58%)

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Osprey Energy Acquisition to host special shareholder meeting »

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  • 20

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PPG

PPG

$109.64

1.23 (1.13%)

14:24
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PPG management to meet with UBS »

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  • 22

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NFLX

Netflix

$330.55

13.77 (4.35%)

14:21
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Technical Take: Netflix may test downtrend resistance line »

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  • 21

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
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Technical Analysis
NYSE market internals summary »

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LCI

Lannett

$5.35

-8.15 (-60.37%)

14:16
08/20/18
08/20
14:16
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14:16
Downgrade
Lannett rating change  »

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  • 20

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MBI

MBIA

$10.78

-0.22 (-2.00%)

14:15
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MBIA put volume heavy and directionally bearish »

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BAC

Bank of America

$30.79

0.05 (0.16%)

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  • 27

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