Stifel Nicolaus Canada receives adverse decision in Stetson Oil litigation Stifel Nicolaus Canada, a subsidiary of Stifel Financial Corp., received an adverse decision from the Court in connection with litigation dating back to 2008 between Stetson Oil and Gas Ltd. and Stifel Nicolaus Canada on Friday, March 1. Stifel Nicolaus Canada disagrees with the Court's decision and intends to appeal that decision at the appropriate time. Stifel Nicolaus Canada believes it has adequate reserves for what it believes will be the ultimate resolution of this matter.
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Stifel Financial upgraded to Market Perform from Underperform at Wells Fargo Wells Fargo upgraded Stifel Financial to Market Perform on expectations volumes are likely to get better. The firm raised its price target range for shares to $31-$36 from $29-$33.