Stifel Financial price target raised to $135 from $125 at JMP Securities

JMP Securities raised the firm’s price target on Stifel Financial (SF) to $135 from $125 and keeps an Outperform rating on the shares. Stifel Financial reported a strong Q4 beat with bullish guidance into 2024 and beyond, the analyst tells investors in a research note. The firm thinks the longer-term trajectory for net interest income could still be better than many appreciate and sees additional optionality to the model given the strong “excess” capital position.