Wells Fargo analyst Mike Mayo maintains U.S. Bancorp (NYSE:USB) with a Overweight and lowers the price target from $70 to $60.
Global Markets Today While US Was Sleeping
On Tuesday, August 8, the U.S. markets closed in the red after credit rating agency Moody's (NYSE: MCO) downgraded several banks, reigniting concerns about the soundness of U.S. banks and the economy.