Oppenheimer analyst Chris Kotowski lowered the price target on U.S. Bancorp to $73 from $74 while maintaining an Outperform rating. The revised target still implies more than 18% upside from current levels. The adjustment came as part of a broader sector preview ahead of second-quarter earnings, where Oppenheimer raised estimates to reflect a stronger trading outlook but recommended limiting large-cap bank exposure to the most stable commercial banks, naming U.S. Bancorp and PNC. Separately, U.S. Bancorp announced plans to raise its quarterly dividend by 3.8% to $0.54 per share, subject to board approval, effective in the third quarter of 2026.
U.S. BancorpOppenheimer maintained Outperform rating and raised estimates; also announced a 3.8% dividend increase.
PNC Financial Services Group Inc
PNC Process Systems Co Ltd