UBS lowered the firm’s price target on Stifel Financial (SF) to $89 from $100 and keeps a Buy rating on the shares. The quarter showed resilience in the fundamentals for wealth manager names, but softer results across the boutiques, the analyst tells investors in a preview for the group.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SF:
- Can You Guess Which Regional Bank Citigroup (C) Plans to Acquire?
- Stifel Highlights Growth in Client Assets and Investment Banking
- Stifel Financial reports February total client assets $557.71B
- Stifel Financial price target lowered to $92 from $136 at TD Cowen
- Nike Stock Gets 3 Price Forecast Cuts in 1 Day as Analysts Caution It’s ‘Lacking in Consistency and Visibility’