U.S. Bancorp price target raised to $52 from $48 at Wells Fargo

Wells Fargo raised the firm’s price target on U.S. Bancorp to $52 from $48 and keeps an Overweight rating on the shares following quarterly results. The firm says that the most important guide is for positive operating leverage in the second half of 2024 and beyond after a decade of significant negative operating leverage, aided by fixed asset repricing and prior investments.