By: Benzinga
UPDATE: Citigroup Reiterates Neutral Rating, Lowers PT on U.S. Bancorp
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
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