- Fans of USB shouldn't take it personally. Bank downgrades are flying across the wires this morning as the big rally in the names - capped by what might or might not be a blow-off since the election - takes share prices north of bullish price targets.
- Today, Piper's Kevin Barker cuts to Neutral, with the stock closing yesterday at $48.70 vs. his price target of $48.
- Previously: U.S. Bancorp downgraded at Morgan Stanley (Nov. 14)