Wells Fargo Starts Stifel Financial (SF) at Market Perform; Established Track Record, But Already Priced In

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Wells Fargo initiates coverage on Stifel Financial (NYSE: SF) with a Market Perform. PT range $38-$42.

Analyst, Christopher Harris, said, "SF has established an impressive track record of growth and we like its private client-centric mix of businesses. However, we view SF as fairly valued near current levels particularly given uncertainty in capital markets, which has failed to meaningfully recover. We have introduced 2012/2013 EPS estimates of $2.34/$2.80."

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 $37.52 yesterday, with a 52 week range of $23.09-$48.75.

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