TD Cowen Cites Expanding Balance Sheets, Shifting Fed Leadership as Key Catalysts for US Bancorp (USB)

Group 1 - US Bancorp is identified as one of the best large cap value stocks to buy in 2026, with TD Cowen raising its price target to $65 from $60 while maintaining a Buy rating [1] - HSBC also raised its price target for US Bancorp to $62 from $58, citing a recent pullback in bank stocks as a selective opportunity for investors [2] - TD Cowen highlighted expanding balance sheets and favorable asset repricing as key drivers for US Bancorp's performance, alongside expectations of benefiting from a shift in Fed leadership in 2026 [1][3] Group 2 - HSBC increased its 2025–2026 adjusted EPS estimates for the banking sector by approximately 1% to 7%, driven by expectations for increased net interest income and stronger investment banking fees [2] - Wolfe Research downgraded US Bancorp to Peer Perform from Outperform on the same day TD Cowen raised its price target [3]