Hilltop Holdings upgraded at Raymond James on potentially positive tailwinds

As previously reported, Raymond James upgraded Hilltop Holdings (HTH) to Market Perform from Underperform with no price target citing the emergence of potentially positive tailwinds for its mortgage and securities business from lower rates and increased bond market volatility. When the firm downgraded the stock in December it “admittedly did not see the macroeconomic impact of tariffs/ inflationary concerns and uncertainty on the economic outlook driving rate lowers and thus benefiting its fee businesses,” but it now views the risk-reward as balanced, the analyst tells investors.