UPDATE: Goldman Sachs Upgrades Stifel Financial to Buy, Ups PT to $37

Goldman Sachs raises its rating on Stifel Financial SF to Buy from Neutral and raises its price target up $6 to $37 on exposure to fee-based business as well as higher volumes. Goldman Sachs notes, "Stifel has many of the characteristics we prefer for 2012 – nearly all of its revenues are US based, it has exposure to fee-based income versus a reliance on trading activity owing to its wealth management, bank, and investment bank, and it has been an active user of its equity for niche-acquisitions which we expect to continue as it searches for growth. Risks include lower equity markets or inability to hire." SF closed at $32.49 per share on Friday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: UpgradesPrice TargetPre-Market OutlookMarketsAnalyst RatingsGoldman Sachs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!