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

|About: U.S. Bancorp (USB)|By:, SA News Editor

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.