TD Cowen lowered the firm’s price target on Raymond James to $126 from $131 and keeps a Hold rating on the shares. The firm sees favorable intermediate earnings drivers for the company including accelerating IEA growth, capital markets upturn, and excess capital deployment; though such incremental growth is likely to come from lower start point.
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- Raymond James Financial Reports Fiscal Second Quarter of 2024 Results
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- Raymond James price target raised to $132 from $112 at Citi
- Raymond James price target raised to $123 from $113 at Morgan Stanley
- Raymond James price target raised to $139 from $128 at Seaport Research
