U.S. Bancorp, one of the most highly recommended banking stocks, was downgraded Tuesday by Montgomery Securities Inc.

Industry analyst Diane L. Merdian cut the freshly merged company to "hold" from "buy" on the basis of the stock price.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.