Information Provided By:
Fly News Breaks for December 19, 2018
SF
Dec 19, 2018 | 05:58 EDT
Wells Fargo analyst Christopher Harris downgraded Stifel Financial to Market Perform and lowered his price target for the shares to $44 from $49. The analyst sees "challenges ahead" for the company. The current quarter is likely to represent the peak for profit margins this cycle, and revenue growth will be "much harder to achieve" in 2019, Harris tells investors in a research note. The analyst reduced his estimates for Stifel to reflect lower revenue expectations and higher credit costs.
News For SF From the Last 2 Days
There are no results for your query SF