Morgan Stanley raised the firm’s price target on Raymond James (RJF) to $184 from $176 and keeps an Equal Weight rating on the shares. The firm is updating its price targets for stocks in the Brokers & Exchanges North America sector under its coverage, the analyst tells investors. The firm believes brokers are poised to benefit from growth due to better visibility around rates paths and continued retail engagement.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RJF:
- Raymond James Reports Record Client Assets in August
- Raymond James reports August client assets under administration $1.69T
- Raymond James Financial Amends Credit Agreement for Growth
- Raymond James price target raised to $180 from $170 at Citi
- Raymond James Financial Closes $1.5 Billion Senior Notes Offering