TD Cowen Initiates Coverage On Raymond James Finl with Market Perform Rating, Announces Price Target of $121
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Bill Katz has initiated coverage on Raymond James Financial (NYSE:RJF) with a Market Perform rating and set a price target of $121.

January 04, 2024 | 6:33 pm
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NEUTRAL IMPACT
Raymond James Financial (NYSE:RJF) received a Market Perform rating from TD Cowen with a price target of $121.
The initiation of coverage by TD Cowen with a Market Perform rating suggests a neutral outlook on the stock, indicating that the analyst believes RJF will perform in line with the sector or the overall market. The price target of $121 provides a reference point for investors but does not imply significant upside or downside, hence the neutral score. The relevance is high as the news is directly about RJF. The importance is significant as analyst ratings can influence investor perception and stock price, but it is not at the highest level as the rating is neutral rather than a strong buy or sell. The confidence level is high due to the clear and direct nature of the analyst's rating and price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100