TD Cowen raised the firm’s price target on Raymond James (RJF) to $131 from $116.50 and keeps a Market Perform rating on the shares. The firm believes the backdrop is “incrementally more conducive” for the retail broker dealers for net interest margins and capital markets, noting that its latest EPS revisions put it “at or above consensus mostly.” In addition, the firm expects constructive May investor day updates from Raymond James and Charles Schwab (SCHW), the analyst tells investors.
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