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Fly News Breaks for January 16, 2020
Jan 16, 2020 | 05:20 EDT
JPMorgan analyst Vivek Juneja downgraded U.S. Bancorp to Underweight from Neutral with a price target of $55.50, down from $58. The company posted "weak" Q4 results in several areas, notably payments-related fees and net interest income, Juneja tells investors in a research note. The analyst cites a combination of weak performance and the stock's premium valuation relative to peers for the downgrade.
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