Wells Fargo analyst Michael Brown raised the firm’s price target on Raymond James (RJF) to $152 from $140 and keeps an Overweight rating on the shares. The firm cites a solid Q4 print with big cap markets beat, and call had some puts/takes. Wells continues to like optionality from excess capital and cap markets recovery, and the positive momentum in PCG-with easing cash pressure.
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Read More on RJF:
- Raymond James price target raised to $150 from $146 at JMP Securities
- Raymond James reports Q4 adjusted EPS $2.95, consensus $2.41
- Is RJF a Buy, Before Earnings?
- Raymond James price target raised to $132 from $126 at Morgan Stanley
- Raymond James upgraded to Outperform from Market Perform at JMP Securities