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

US Bancorp (NYSE:USB) ranks among the best financial stocks to buy according to billionaire Israel Englander. On January 13, Raymond James reiterated its Strong Buy rating on US Bancorp (NYSE:USB) and set a price target of $57 per share following the bank’s acquisition announcement. According to the firm, the acquisition of BTIG is consistent with US Bancorp’s strategy of targeting additional fee-based businesses instead of depository M&As.

The acquisition is projected to enhance US Bancorp’s capital markets division, with Raymond James adding that the two entities have a track record of cooperation, which should help facilitate the integration process.

On the other hand, Wolfe Research downgraded US Bancorp (NYSE:USB) from Outperform to Peer Perform, noting decreased upside potential despite the bank’s strong growth track. The firm forecasts that US Bancorp’s core earnings per share will increase at a 10% CAGR through 2027 relative to 2025, though it sees little upside to the 2027 consensus projections and expects ROTCE to remain in the high teens.

US Bancorp (NYSE:USB) is a bank holding company that offers financial services, including cash management, lending, and depository services, foreign exchange, and trust and investment management.

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Disclosure: None. This article is originally published at Insider Monkey.