UPDATE: Citigroup Reiterates Neutral Rating, Lowers PT on U.S. Bancorp
Posted on December 31, 2012 at 08:38 AM EST
In a report published Monday, Citigroup reiterated its Neutral rating on U.S. Bancorp (NYSE: USB ), but slightly lowered its price target from $37.00 to $36.00. Citigroup noted, “We lower our 2013 and 2014 estimates mostly on higher credit costs as we are now factoring in the LLR ratio bottoms