Argus raised the firm’s price target on Raymond James (RJF) to $155 from $134 and keeps a Buy rating on the shares. The firm expects revenues in the company’s Q1 to increase in the Private Client and Asset Management segments due to higher valuations at the end of Q4, offset by higher expenses, and Argus is also looking for the net interest margin to remain stable near 2.50%-2.75% at RJ Bank, supported by higher rates and the TriState loans, the analyst tells investors in a research note.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RJF:
- Raymond James price target raised to $150 from $128 at TD Cowen
- Raymond James price target raised to $145 from $132 at Morgan Stanley
- Raymond James price target raised to $159 from $139 at Seaport Research
- Raymond James (NYSE:RJF) Stock Jumps 7% as Financial Results Top Estimates
- Raymond James price target raised to $152 from $136 at BofA