BMO Capital analyst Brennan Hawken raised the firm’s price target on Raymond James (RJF) to $165 from $152 and keeps a Market Perform rating on the shares. The company reported a revenue-driven beat but expenses are weighing on the firm’s forecasts, the analyst tells investors in a research note. Raymond James’s disciplined approach to advisor recruitment supports earnings quality and operational consistency, but slower growth is the trade-off, BMO added.
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Read More on RJF:
- Raymond James price target raised to $182 from $174 at Barclays
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