Analysts Are Bullish on These Financial Stocks: CONE, USB

By Carrie Williams

There’s a lot to be optimistic about in the Financial sector as 3 analysts just weighed in on CyrusOne (NASDAQ: CONE), US Bancorp (NYSE: USB) and Invesco Ltd (NYSE: IVZ) with bullish sentiments.

CyrusOne (NASDAQ: CONE)

In a report issued on July 27, Jonathan Atkin from RBC Capital reiterated a Buy rating on CyrusOne (NASDAQ: CONE), with a price target of $63. The company’s shares closed yesterday at $59.67, close to its 52-week high of $59.97.

According to TipRanks.com, Atkin is a top 25 analyst with an average return of 17.4% and a 87.0% success rate. Atkin covers the Financial sector, focusing on stocks such as Summit Hotel Properties, Landmark Infrastructure, and Education Realty Trust.

Currently, the analyst consensus on CyrusOne is Strong Buy and the average price target is $65.86, representing a 10.4% upside.

In a report issued on July 17, Stifel Nicolaus also reiterated a Buy rating on the stock with a $65 price target.
US Bancorp (NYSE: USB)

In a report issued on July 27, Gerard Cassidy from RBC Capital reiterated a Buy rating on US Bancorp (NYSE: USB), with a price target of $55. The company’s shares closed yesterday at $52.57.

According to TipRanks.com, Cassidy is a top 25 analyst with an average return of 28.5% and a 85.9% success rate. Cassidy covers the Financial sector, focusing on stocks such as Provident Financial Services, Discover Financial Services, and Huntington Bancshares Inc.

US Bancorp has an analyst consensus of Moderate Buy, with a price target consensus of $55.75.

Invesco Ltd (NYSE: IVZ)

In a report issued on July 27, Kenneth Lee from RBC Capital reiterated a Buy rating on Invesco Ltd (NYSE: IVZ), with a price target of $40. The company’s shares closed yesterday at $34.36.

According to TipRanks.com, Lee is a 2-star analyst with an average return of 2.3% and a 60.0% success rate. Lee covers the Financial sector, focusing on stocks such as Ameriprise Financial, Federated Investors, and OM Asset Management.

Currently, the analyst consensus on Invesco Ltd is Strong Buy and the average price target is $40, representing a 16.4% upside.

In a report issued on July 12, KBW also reiterated a Buy rating on the stock with a $40 price target.

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