Goldman Sachs Resumes Stifel Financial (SF) at Neutral
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Price: $35.32 --0%
Rating Summary:
3 Buy, 3 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 6
Rating Summary:
3 Buy, 3 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 6
Trade SF Now!
Goldman Sachs resumes coverage on Stifel Financial (NYSE: SF) with a Neutral. PT $33.00.
The firm said near-term challenges mask long-term opportunity.
The analyst said, "Against a choppy backdrop for capital markets, we appreciate SF’s leverage to more stable/recurring Global Wealth Management (64% of net revenues), exposure to the United States (nearly 100% of revenues), and vanilla product portfolio relative to other capital markets firms. That said, we remain on the sidelines as we believe growth is likely to be more difficult in the near term, while management’s reluctance to a take a closer look at expenses or to add leverage remains an overhang on the margins and overall returns."
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 $30.07 yesterday, with a 52 week range of $23.09-$40.44.
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The firm said near-term challenges mask long-term opportunity.
The analyst said, "Against a choppy backdrop for capital markets, we appreciate SF’s leverage to more stable/recurring Global Wealth Management (64% of net revenues), exposure to the United States (nearly 100% of revenues), and vanilla product portfolio relative to other capital markets firms. That said, we remain on the sidelines as we believe growth is likely to be more difficult in the near term, while management’s reluctance to a take a closer look at expenses or to add leverage remains an overhang on the margins and overall returns."
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 $30.07 yesterday, with a 52 week range of $23.09-$40.44.
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