Market Overview

UPDATE: Goldman Sachs Downgrades Stifel Financial to Sell on Growth Outlook

Related SF
Earnings Scheduled For January 30, 2018
Benzinga's Top Upgrades, Downgrades For January 3, 2018

Goldman Sachs reduced its rating on Stifel Financial (NYSE: SF) from Neutral to Sell with a $28 price target.

Goldman Sachs commented, "We believe the Street is too optimistic on SF's 2013 EPS growth outlook (+30% with a +200 bps pre-tax margin expansion), which we believe is unlikely absent a sharp recovery in volumes or retail investor risk appetite – two primary drivers for SF. We are 14% below the Street for 2013/2014. Furthermore, SF's valuation is stretched with the stock trading at a 20% premium to its closest peer, Buy-rated RJF (SF is at 14.5X our 2013 P/E versus RJF at 12.2X)."

Stifel Financial closed at $32.15 on Friday.

Latest Ratings for SF

Feb 2018NomuraMaintainsBuyBuy
Jan 2018NomuraMaintainsBuyBuy
Jan 2018Wells FargoMaintainsOutperformOutperform

View More Analyst Ratings for SF
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Downgrades Pre-Market Outlook Analyst Ratings


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