UPDATE: Deutsche Bank Downgrades US Bancorp Following Disappointing 3Q Results
October 24, 2013 at 11:03 AM EDT
In a report published Thursday, Deutsche Bank analyst Matt O'Connor downgraded the rating on US Bancorp (NYSE: USB ) from Buy to Hold, and lowered the price target from $41.00 to $38.00. In the report, Deutsche Bank noted, “3Q was disappointing in our view as we est. there was $100m+
