Stifel Financial price target raised to $115 from $94 at Citi

Citi raised the firm’s price target on Stifel Financial (SF) to $115 from $94 and keeps a Neutral rating on the shares as part of a Q2 earnings preview for the broker group. The equity market rebound, resilience of retail activity, and an improving capital markets outlook have been tailwinds for the brokerage space, the analyst tells investors in a research note. Citi says Charles Schwab (SCHW) remains its favorite name in the sector.