Raymond James price target raised to $190 from $175 at JMP Securities

JMP Securities analyst Devin Ryan raised the firm’s price target on Raymond James (RJF) to $190 from $175 and keeps an Outperform rating on the shares. Raymond James reported a “nice beat” and provided commentary on the business backdrop that keeps the firm optimistic about its potential across each of its key businesses on the operating backdrop and positioning, the analyst tells investors in a research note. The shares have performed well of late, but there is still some relative value from here, JMP says.