Usb stock forecast technical outlook highlights a bullish

USB stock forecast technical outlook highlights a bullish moving average crossover on daily charts; RSI remains neutral near 55, indicating room for momentum building without immediate overbought risk. Morgan Stanley upped their target price on the shares of U.S. Bancorp (NYSE:USB) from $47.00 to $54.00, giving an “Equal-weight” rating on 30 th July. As per Insider Monkey’s 2Q 2024 data, the company was part of 43 hedge funds. US Bancorp operates in the financial services industry, providing a range of banking and financial products including payment services, trust and investment management, and treasury management. The company focuses on leveraging its diversified business mix and sound risk management to navigate economic volatility. Market analysts’ USB stock forecast for 2024 indicates steady dividend yields around 4.6%, underpinned by robust Tier 1 capital ratios. This stability remains attractive to income-focused investors amid banking sector volatility.