JMP Securities Upgrades Stifel Financial (SF) to Market Outperform

JMP Securities analyst Devin Ryan upgraded Stifel Financial (NYSE: SF) from Market Perform to Market Outperform with a price target of $60.00.

The analyst comments sees 3 reasons to be positive on the company:

1. the bar has been lowered to a level that creates an attractive balance between the risk and reward;
2. we feel that some misconceptions exist, which we believe leaves room for a change in investor
3. perceptions; and we see some potential catalysts to help drive a better narrative and also support a recovery in the stock.

For an analyst ratings summary and ratings history on Stifel Financial click here. For more ratings news on Stifel Financial click here.

Shares of Stifel Financial closed at $50.83 yesterday.

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