Raymond James Financial ( (RJF) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Raymond James Financial’s stock movement is influenced by Morgan Stanley’s decision to raise its price target to $184. This adjustment is based on better clarity regarding interest rate trends and sustained retail involvement, which are expected to drive growth. Additionally, the company reported record client assets in August, showcasing robust performance. The stock holds a Moderate Buy consensus, suggesting a modest potential for growth from its current position.
More about Raymond James Financial
YTD Price Performance: 12.25%
Average Trading Volume: 1,056,664
Technical Sentiment Signal: Buy
Current Market Cap: $35.18B
For further insights into RJF stock on TipRanks’ Stock Analysis page.
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