Jefferies downgraded Raymond James to Hold from Buy with a price target of $117, up from $112. The analyst cites valuation for the downgrade as the firm sees a balanced risk/reward profile at current share levels. The firm reduced estimates primarily reflecting a slower capital market backdrop than previously estimated.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on RJF:
- Raymond James initiated with a Market Perform at TD Cowen
- Raymond James price target raised to $125 from $118 at Wolfe Research
- Raymond James downgraded to Neutral from Buy at Goldman Sachs
- Raymond James reports November assets under administration $1.32T, up 9% y/y
- Trinity Capital appoints Kaeding as Managing Director