Morgan Stanley analyst Michael Cyprys lowered the firm’s price target on Raymond James (RJF) to $171 from $187 and keeps an Equal Weight rating on the shares. Better Q1 earnings for brokers and exchanges should modestly beat consensus, but the firm sees modest forward estimate risk and notes in a preview for the group that its forecasts for the group are now 4%-5% below consensus in 2026-27 on average.
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Read More on RJF:
- Raymond James price target lowered to $156 from $181 at TD Cowen
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