Banc One Corp.'s stock, which has languished since its agreement to buy First U.S.A. Inc., is poised to rally, according to Dillon Read analyst Anthony Davis.

The banking analyst raised his rating on the company to "buy" from "outperform." His 12-month price target is $66 per share. The shares slipped $1.25, to $55 Monday, a mixed day for bank issues.

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