UPDATE: JP Morgan Downgrades US Bancorp to Neutral on Narrower Gap to Peers

UPDATE: JP Morgan Downgrades US Bancorp to Neutral on Narrower Gap to Peers

By: Latest Articles from Benzinga.com

Posted on January 30, 2013 at 08:28 AM EST

JP Morgan downgraded US Bancorp (NYSE: USB ) from Overweight to Neutral and lowered the price target from $39.50 to $37.50. JP Morgan said, "Revenue growth in the industry is slowing due to low rates and tough fee revenue comps

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