U.S. Bancorp price target lowered to $56 from $61 at Barclays

Barclays lowered the firm’s price target on U.S. Bancorp (USB) to $56 from $61 and keeps an Overweight rating on the shares following the Q1 report. The bank’s earnings beat as fees, net interest income and provision were better than expected, the analyst tells investors in a research note.