BofA lowered the firm’s price target on Raymond James (RJF) to $172 from $173 and keeps a Neutral rating on the shares. Following the fiscal Q2 report, the firm decreased its 2026, 2027 and 2028 adjusted EPS estimates “modestly” to account for higher forecast for admin comp and benefits expenses, noting that stronger recruiting and tech spend are driving expense inflation.
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Read More on RJF:
- Raymond James price target raised to $165 from $152 at BMO Capital
- Raymond James price target raised to $182 from $174 at Barclays
- Raymond James reports Q2 adjusted EPS $2.83, consensus $2.76
- Raymond James Financial (RJF) Q2 Earnings Cheat Sheet
- Raymond James price target lowered to $171 from $187 at Morgan Stanley