Stifel Financial price target raised to $86.50 from $83 at TD Cowen

TD Cowen analyst Bill Katz raised the firm’s price target on Stifel Financial to $86.50 from $83 and keeps an Outperform rating on the shares. The firm raiseed their increasingly above 2024-2025 adjusted EPS estimates following 4Q23 beat and their follow up with management. Cowen now sees a path toward $9.00 in 2025E versus $8+ prior, with a number of incremental earnings levers yet to be fully pulled.