Raymond James price target lowered to $145 from $165 at Jefferies

Jefferies lowered the firm’s price target on Raymond James (RJF) to $145 from $165 and keeps a Hold rating on the shares. Investor engagement throughout Q1 showed some divergence across platforms and certain metrics like margin balances and securities lending have moderated along with crypto trading as volatility has climbed, the analyst tells investors in a preview for the broker and wealth management group.