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U.S. Bancorp price target lowered to $49 from $54 at DA Davidson

DA Davidson analyst Peter Winter lowered the firm’s price target on U.S. Bancorp (USB) to $49 from $54 and keeps a Buy rating on the shares after its Q1 results. The firm cites the company’s lower net interest income and rising non-interest expenses, the analyst tells investors in a research note.

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