As previously reported, JMP Securities analyst Devin Ryan upgraded Stifel Financial to Outperform from Market Perform, stating that while he is not overly dismissive of the market's concerns, he believes some misconceptions exist and also thinks the stock is more than reflecting the worries, leaving the bar "incredibly low" now. He still thinks Stifel is asset sensitive and will benefit from NIM expansion over the next year while he sees signs that Financial Advisor headcount growth might be reaching a turning point, Ryan tells investors. He set a $60 price target on Stifel shares.