Morgan Stanley Assumes Raymond James Finl at Equal-Weight, Announces Price Target of $112
Portfolio Pulse from richadhand@benzinga.com
Morgan Stanley analyst Manan Gosalia has assumed Raymond James Financial (NYSE:RJF) with an Equal-Weight rating and set a price target of $112.

July 21, 2023 | 9:53 am
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Raymond James Financial has been given an Equal-Weight rating by Morgan Stanley with a price target of $112.
The news of Morgan Stanley assuming Raymond James Financial with an Equal-Weight rating and a price target of $112 is directly relevant to the company. However, an Equal-Weight rating typically suggests that the stock is expected to perform in line with the market or other stocks in its sector, which doesn't necessarily indicate a significant change in the short term. The price target of $112 may suggest some upside potential, but without further context, it's hard to determine the exact impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100