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

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.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Wells Fargo Upgrades Portland General Electric Company (POR) to Overweight
• Kite Realty Group names new VP of capital markets and IR
• Ensign Group expands credit facility to $800M, extends to 2031