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U.S. Bancorp (USB) is initiated a Buy with $38 price target by Nomura's Keith Murray. It's not...

U.S. Bancorp (USB) is initiated a Buy with $38 price target by Nomura's Keith Murray. It's not what one might call a table-pounder, but Murray expects buybacks can counter soft revenue growth to allow for mid-high percentage EPS growth. He notes the bank trades at a premium to its peers on price/book, but a discount on PE.
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