U.S. Bancorp (NYSE:USB) was upgraded to conviction buy from neutral by Goldman Sachs. The price target was also increased from $40 to $44 per share. U.S. Bancorp is a conservative bank with low-cost deposits. The bank is not heavily exposed to the real estate market. Commercial and retail lending accounts for most of the bank’s total loan portfolio. Goldman cited a re-acceleration of revenue growth in 2014 for U.S. Bancorp as a major reason for the upgrade. In addition, Goldman believes U.S. Bancorp will be among the best performing banks next year in terms of the Fed’s annual Comprehensive Capital Analysis Review stress test.