Citizens JMP raised the firm’s price target on Stifel Financial (SF) to $135 from $130 and keeps an Outperform rating on the shares. Capital markets and FinTech stocks have surged 30%-50% or more since April as market activity rebounds, institutional trading holds firm, and asset and wealth management flows strengthen alongside higher markets, the analyst tells investors in a research note. Despite stretched valuations and multi-year highs across several subsectors, continued performance dispersion is expected, making selectivity key, though certain names still present compelling opportunities.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SF:
- Why Is Blackstone’s Legence (LGN) Wall Street’s New Favorite to Benefit from the AI Boom?
- TD Cowen upgrades Stifel Financial to Buy on ability to drive client cash growth
- Stifel Financial upgraded to Buy from Hold at TD Cowen
- Stifel Financial: Positioned for M&A Growth but Facing Valuation Challenges
- Stifel Financial initiated with a Market Perform at BMO Capital