U.S. Bancorp price target raised at Oppenheimer, would buy shares on weakness

Oppenheimer raised the firm’s price target on U.S. Bancorp (USB) to $63 from $62 and keeps an Outperform rating on the shares. U.S. Bancorp’s fourth quarter was relatively straightforward, though the sell algorithms were “tripped” into action, and a number of the larger regionals were down in the 1%-3% range, the analyst tells investors in a research note. The firm would use the weakness to buy shares.