CIBC Bancorp USA Inc. Acquires New Stake in U.S. Bancorp $USB

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CIBC Bancorp USA Inc. has acquired a new position in U.S. Bancorp (NYSE:USB) during the third quarter, purchasing 214,766 shares valued at approximately $10.38 million. Other institutional investors have also adjusted their holdings in USB, and insider Mark G. Runkel recently sold over 32,000 shares. Analysts currently have a “Moderate Buy” rating on U.S. Bancorp with a consensus target price of $60.02.

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