US Bancorp (USB) Gained Strong Buy from Raymond James Following BTIG Acquisition Announcement

Core Viewpoint - US Bancorp (NYSE:USB) is viewed positively by analysts, with a strong buy rating from Raymond James following its acquisition announcement, indicating a strategic shift towards fee-based businesses [1][2] Group 1: Acquisition Impact - The acquisition of BTIG is expected to enhance US Bancorp's capital markets division, leveraging a history of cooperation between the two entities to facilitate integration [2] - Raymond James has set a price target of $57 per share for US Bancorp, reflecting confidence in the bank's strategic direction [1] Group 2: Analyst Ratings and Forecasts - Wolfe Research downgraded US Bancorp from Outperform to Peer Perform, citing decreased upside potential despite the bank's strong growth trajectory [3] - The firm projects US Bancorp's core earnings per share to grow at a 10% CAGR through 2027 compared to 2025, but sees limited upside to 2027 consensus projections [3] - Expectations for Return on Tangible Common Equity (ROTCE) are to remain in the high teens [3] Group 3: Company Overview - US Bancorp is a bank holding company providing a range of financial services, including cash management, lending, depository services, foreign exchange, and trust and investment management [4]