U.S. Bancorp price target lowered to $55 from $58 at Piper Sandler

Piper Sandler lowered the firm’s price target on U.S. Bancorp (USB) to $55 from $58 and keeps an Overweight rating on the shares following the Q4 report. The post-earnings selloff shows the market clearly remains in a “show me” mode with this story, the analyst tells investors in a research note. Piper believes U.S. Bancorp’s “discounted” valuation and prospects for improving trends in coming periods should help the stock “to get back on its feet.”