Insurance Technology Industry News

TMCNet:  Upgrade Alert for US Bancorp (USB)

[January 04, 2013]

Upgrade Alert for US Bancorp (USB)

Jan 04, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- US Bancorp (NYSE:USB) was upgraded from Hold to Buy at Deutsche Bank today. The stock closed yesterday at $32.51 on volume of 12.3 million shares, above average daily volume of 9.5 million. US Bancorp (NYSE:USB) has potential upside of 13.8% based on a current price of $32.51 and analysts' consensus price target of $36.99. US Bancorp shares have support at the 200-day moving average (MA) of $32.41 and additional support at the 50-day MA of $32.38.

In the past 52 weeks, US Bancorp share prices have been bracketed by a low of $27.21 and a high of $35.46 and closed yesterday at $32.51, 19% above that low price. The 200-day and 50-day moving averages have moved 0.04% higher and 0.3% lower over the past week, respectively.

U.S. Bancorp is a diversified financial services company that provides lending and depository services, cash management, foreign exchange and trust and investment management services. The Company also provides credit card services, mortgage banking, insurance, brokerage, and leasing. U.S Bancorp operates in the Midwest and Western United States.

SmarTrend is tracking the current trend status for US Bancorp and will alert subscribers who have USB in their portfolio or watchlist when shares have changed trend direction.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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