Michael Brown, an analyst from Wells Fargo, maintained the Buy rating on Stifel Financial (SF – Research Report). The associated price target was lowered to $102.00.
Michael Brown’s rating is based on several factors that suggest potential upside for Stifel Financial despite a soft first quarter. The stock’s current valuation appears to offer a favorable opportunity, particularly if there is a recovery in capital markets, which has shown signs of improvement. Additionally, the company’s commitment to its 2025 guidance is seen as a positive signal.
Although Stifel Financial experienced underperformance in stock price, this seems exaggerated compared to the reduction in earnings per share estimates. The company has shown positive momentum in organic growth, with asset flows turning positive and successful recruitment of experienced advisors. Furthermore, there is a growing interest in bank mergers and acquisitions, positioning Stifel Financial well to benefit from potential consolidation in the financial sector.
Brown covers the Financial sector, focusing on stocks such as Invesco, KKR & Co, and LPL Financial. According to TipRanks, Brown has an average return of 10.6% and a 58.89% success rate on recommended stocks.
In another report released on April 8, JMP Securities also maintained a Buy rating on the stock with a $120.00 price target.