Stifel
Stifel Financial is a diversified financial-services provider that generates revenue from wealth management, investment banking, and lending. The firm was founded in 1890 as a St. Louis-based full-service brokerage but has been transformed under CEO Ronald Kruszewski through a slew of acquisitions into a globally competitive wealth manager, investment bank, and retail and institutional brokerage. The firm generated $5.0 billion in revenue in 2024, with roughly two-thirds derived from wealth management and one-third derived from investment banking and trading.www.stifel.com
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Search complete. 98 mentions across 40 episodes found for "Stifel".
Sep 25, 2026
Clay TravisHOST
You're on." And unfortunately, sometimes you have to come back on the air before you can even send Send on that perfect tweet that you know is gonna do great numbers.
Clay TravisHOST
Speaking of doing great numbers, we're joined now by Michael O'Keefe of Stifel.
Clay TravisHOST
This is a top investment advisory firm across the United States.
Clay TravisHOST
In fact- I am one of Stifel's clients.
Clay TravisHOST
I have a great advisor that is plugged in with Stifel, and we're joined now by Michael O'Keefe.
Clay TravisHOST
All right, tell me what the impact is, if at all, from a financial perspective, as I see the markets are up, still near record highs, from this China-United States state visit.
Clay TravisHOST
Do we have any impact there that you can discern?
Michael O'KeefeHOST
Welcome to Stifel Sightlines podcast, focusing each week on a topic or two important to investors.
Michael O'KeefeHOST
Well, greetings and welcome to the Sightlines Podcast.
Michael O'KeefeHOST
This is Michael O'Keefe, Stiefel's Chief Investment Officer.
Felicity ThomasHOST
TI's own 2026 capital management framework actually indicated gross capital expenditure of around US $2 billion to US $3 billion in 2026, with expenditure from 2027 becoming dependent upon revenue and expected growth.
Felicity ThomasHOST
Now, Stifel recently upgraded Texas Instruments as well, specifically arguing that the company is reaching a free cash flow inflection point as this heavy investment cycle moderates.
Felicity ThomasHOST
And we're really seeing the evidence of that.
Felicity ThomasHOST
Over the last 12 months to June, TI generated US $8.7 billion of operating cash flow and US $6.5 billion of free cash flow on TI's non-GAAP definition.
David ScrivenHOST
With AI infrastructure buildout, this translates into demand for inline inspection and data protection, and this tees up the potential for accelerated AI-related security adoption into 2027.
David ScrivenHOST
Now, Microsoft was upgraded by Stifel, and I say this because it represents a vote of confidence from one of the few Wall Street firms that have been cautious on the stock.
David ScrivenHOST
The price target was up from 530 to 575.
David ScrivenHOST
The analyst is comfortable with mid upper teens revenue growth and strong cash flow, which should limit the company's need for outside financing.
Kim KhanHOST
Banks and financial institutions have accidentally leaked sensitive documents in the past, attracting regulatory fines, reputational damage, and customer trust issues.
Kim KhanHOST
Among active stocks, Stifel upgraded Microsoft to buy from hold, saying the company is getting back on track.
Kim KhanHOST
Analyst Brad Reback says he expects accelerating revenue growth in Azure despite capacity constraints from incremental operational efficiencies, ramping new data center capacity, and a growing OpenAI revenue share.
Kim KhanHOST
General Mills delivered a better than feared Q1 and set twenty twenty seven profit guidance slightly above estimates, but profit continues to be undermined by higher input costs and lower volumes.
Alex CoffeyGUEST
The analyst also notes that some of its earlier concerns around gross margins have eased, improving Azure efficiency, the end of certain open AI related payments following an April contract revision, more disciplined capital spending and a tighter operating expense control are all expected to support current margin levels.
Alex CoffeyGUEST
So all in all, Stifel sees Microsoft's AI strategy, cloud efficiency gains, and financial strength combining to support both profitability, Sam, and sustained growth going forward.
Alex CoffeyGUEST
We know the stock's been on an incredible run as it recovered dramatically post-earnings, and it's largely held onto those gains.
Sam VadasHOST
Yes, it certainly has.
David FaberHOST
Yeah.
Carl QuintanillaHOST
Maybe the other interesting element is Microsoft, one of the most birated names on the street, finally gets an upgrade out of Stifel today.
Carl QuintanillaHOST
They go to 575.
Carl QuintanillaHOST
Less concern about cash flow, raising equity, things like that.
Dennis DickHOST
So we should go to it here right now.
Dennis DickHOST
We have Stifel upgrading Microsoft.
Dennis DickHOST
I've sold most of it.
Dennis DickHOST
I bought it last night on the rating.
Joel ElconinHOST
I would not be chasing this.
Joel ElconinHOST
I would not be taking a new position, a new long position in Microsoft.
Joel ElconinHOST
Got some good buddies over there at Stifel.
Joel ElconinHOST
I know them well.
Rob BlackHOST
But that's what I like.
Rob BlackHOST
What do you like doing? Microsoft was upgraded today at Stifel from hold to buy.
Rob BlackHOST
$575 price target.
Rob BlackHOST
It's currently around $498.
Judy LagrooCORRESPONDENT
Definitely big news for them.
Judy LagrooCORRESPONDENT
A Stifel analyst view On Holding as, quote, "The number one market share gainer in athletic footwear over the next five years," so high praise from them.
Paul SweeneyHOST
Very good.
Paul SweeneyHOST
All right, uh, Quest Diagnostics.
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