Stifel Financial price target raised to $130 from $113 at Wells Fargo

Wells Fargo raised the firm’s price target on Stifel Financial (SF) to $130 from $113 and keeps an Overweight rating on the shares. The firm says a “merger resurgence” is likely post election, as highlighted at its bank and regulatory summit yesterday. Banks should be more willing to do deals given pent-up demand, scale benefits and likely faster approvals, the analyst tells investors in a research note. Wells believes Stifel is positioned “exceedingly well to benefit from bank consolidation.”