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Fly News Breaks for November 27, 2018
SF
Nov 27, 2018 | 06:05 EDT
Goldman Sachs analyst Alexander Blostein started Stifel Financial with a Neutral rating and $56 price target. Blostein initiated the smid-cap Brokers with an Attractive coverage view and names LPL Financial (LPLA) his top pick. The analyst sees "good upside" for Stifel amid "robust" 2019 net investment income growth and "significant" share repurchases. However, risks within its Capital Markets business and limited earnings upside relative to consensus keep him sidelined.
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