By: Benzinga
UPDATE: Stifel Nicolaus Upgrades U.S. Bancorp to Buy on ROA, Earning Levers
Stifel Nicolaus upgraded U.S. Bancorp (NYSE: USB ) from Hold to Buy and announced a $39.00 price target. Stifel Nicolaus commented, "We arrive at our $39 target price by applying a 12x multiple to our 2014 estimate of $3.25. We believe a premium P/E multiple is warranted, given the company's
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