U.S. Bancorp price target raised to $58 from $52 at Truist

Truist raised the firm’s price target on U.S. Bancorp (USB) to $58 from $52 and keeps a Hold rating on the shares as part of a broader research note updating the firm’s model following management commentary at recent conference appearances. The firm is boosting its FY26 EPS view by 5c to $4.95 and its FY27 view by 5c to $5.50, reflecting higher expected net interest income and modestly better fees, partially offset by slightly higher expenses, the analyst tells investors in a research note.