US Bancorp (USB) Gained Strong Buy from Raymond James Following BTIG Acquisition Announcement

US Bancorp (NYSE:USB) ranks among the best financial stocks to buy according to billionaire Israel Englander. On January 13, Raymond James reiterated its Strong Buy rating on US Bancorp (NYSE:USB) and set a price target of $57 per share following the bank’s acquisition announcement. According to the firm, the acquisition of BTIG is consistent with US Bancorp’s strategy of targeting additional fee-based businesses instead of depository M&As.

The acquisition is projected to enhance US Bancorp’s capital markets division, with Raymond James adding that the two entities have a track record of cooperation, which should help facilitate the integration process.

On the other hand, Wolfe Research downgraded US Bancorp (NYSE:USB) from Outperform to Peer Perform, noting decreased upside potential despite the bank’s strong growth track. The firm forecasts that US Bancorp’s core earnings per share will increase at a 10% CAGR through 2027 relative to 2025, though it sees little upside to the 2027 consensus projections and expects ROTCE to remain in the high teens.

US Bancorp (NYSE:USB) is a bank holding company that offers financial services, including cash management, lending, and depository services, foreign exchange, and trust and investment management.

While we acknowledge the potential of USB to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than USB and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.