Citi raised the firm’s price target on Raymond James to $132 from $112 and keeps a Neutral rating on the shares as part of a Q1 earnings preview for the brokers and asset managers group. To start 2024, Citi has seen strong market levels and healthy trading activity, the analyst tells investors in a research note. Looking forward, the firm continues to prefer companies with strong organic growth momentum, specifically LPL Financial (LPLA) and Interactive Brokers (IBKR).
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