BofA analyst Craig Siegenthaler lowered the firm’s price target on Raymond James (RJF) to $159 from $181 and keeps a Buy rating on the shares. Following the fiscal Q2 report, the firm lowered its 2026 and 2027 EPS estimates to $10.19 and $12.70, respectively, driven by lower organic growth and cash sweep balances. It also made a small multiple change to better aligns Raymond James with the rest of the analyst’s coverage and account for a tougher near-term macroeconomic backdrop.
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