Stifel Financial (SF) Keeps Outperform Rating
Stifel Financial Corporation Co (NYSE: SF) keep their Outperform rating despite a challenging 3Q10 due to weak market volumes.
In a research report Keefe, Bruyette & Woods writes "Last week we spent two days in client meetings with SF's CEO Ron Kruszewski. Overall, the meetings were very positive as the long term outlook for the company remains strong. However, the current quarter is expected to be "messy" due to very weak market volumes and the expected one time charges. We are lowering our 2010 EPS estimate. We remain positive on Stifel and reiterate our Outperform rating."
SF Closed Tuesday at $48.27
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