Stifel shares have room to grow-Barron's
NEW YORK, June 20
NEW YORK, June 20 (Reuters) - Stifel Financial Corp (SF.N), whose shares have fallen about 24 percent since the beginning of May, present a compelling buying opportunity, according to a Barron's article on Sunday.
The regional brokerage's shares closed on Friday at $44.56 on the New York Stock Exchange. At $45 per share, Stifel trades at less than 15 times Wall Street's 2010 earnings estimates, Barron's said, noting that regional rival Raymond James Financial Inc (RJF.N) trades at 16 times 2010 estimates.
One analyst quoted by Barron's said Stifel shares could reach $64 in 12 months. (Reporting by Martinne Geller; Editing by Marguerita Choy)