JMP Securities lowered the firm’s price target on Stifel Financial to $91 from $95 and keeps an Outperform rating on the shares. While the firm sees a "difficult" earnings season ahead, it still sees opportunities near- and long-term, the analyst tells investors in a research note. JMP favors Stifel, and believes it is well-positioned for growth, has a more stable deposit base relative to peers, and has a strong excess capital position.
Published first on TheFly
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