Morgan Stanley lowered the firm’s price target on Raymond James (RJF) to $126 from $161 and keeps an Equal Weight rating on the shares. In a tougher macro backdrop with greater need to hedge risks, the firm prefers brokers with more defensive revenue streams and idiosyncratic earnings growth levers, the analyst tells investors.
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Read More on RJF:
- Raymond James price target lowered to $175 from $190 at Citizens JMP
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- Raymond James Reports February 2025 Operating Data
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