UPDATE: ISI Group Initiates Coverage on U.S. Bancorp on Good Execution, Limited Leverage

In a report published Tuesday, ISI Group analyst Keith Murray initiated coverage on U.S. Bancorp (NYSE: USB ) with a Neutral rating and $39.50 price target. In the report, ISI Group noted, “We are initiating coverage of U.S. Bancorp with a Neutral rating and 12-month price target of $39.50. USB