By: Benzinga
UPDATE: Nomura Initiates Coverage on U.S. Bancorp with Buy Rating, $38 PT
In a report published Wednesday, Nomura initiated coverage on U.S. Bancorp (NYSE: USB ) with a Buy rating and $38.00 price target. Nomura noted, “Initiate with a Buy rating. U.S. Bancorp is a consistently solid performer with a diverse business mix that produces best-in-class returns (16% ROE, 165bps ROA in
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