TD Cowen raised the firm’s price target on Raymond James (RJF) to $131 from $116.50 and keeps a Market Perform rating on the shares. The firm believes the backdrop is “incrementally more conducive” for the retail broker dealers for net interest margins and capital markets, noting that its latest EPS revisions put it “at or above consensus mostly.” In addition, the firm expects constructive May investor day updates from Raymond James and Charles Schwab (SCHW), the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RJF:
- Raymond James Financial Shares February 2024 Operating Data
- Raymond James Financial Announces Executive Leadership Changes
- Raymond James CEO Paul Reilly to step down in 2025, Paul Shoukry to succeed
- Raymond James Financial Names Paul Shoukry President and CEO Successor, Announces Additional Key Leadership Changes
- Raymond James Financial: Successful Annual Meeting and Dividend Announcement
Questions or Comments about the article? Write to editor@tipranks.com