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Comerica Bank Sells 34,589 Shares of U.S. Bancorp $USB
Comerica Bank reduced its stake in U.S. Bancorp (NYSE:USB) by 8.6% in the fourth quarter, selling 34,589 shares and holding 365,328 shares valued at $19.49 million. Other institutional investors also adjusted their positions, while multiple analysts issued “buy” or “outperform” ratings with an average price target of $61.18. Insiders also sold significant shares, but the company recently reported strong quarterly earnings and announced a quarterly dividend.