Wells Fargo lowered the firm’s price target on Stifel Financial (SF) to $102 from $106 and keeps an Overweight rating on the shares. The firm says its EPS estimates and price target move lower post a soft Q1. Still, underperformance seems overdone, Wells argues. Stifel’s valuation offers a free option on cap markets recovery-where outlook improved today, and sticking to 2025 guidance is a distinct positive.
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