JP Morgan Upgrades Raymond James Finl to Overweight, Raises Price Target to $135
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Michael Cho upgraded Raymond James Financial (NYSE:RJF) from Neutral to Overweight and increased the price target from $110 to $135, indicating a positive outlook on the company's stock.
January 10, 2024 | 11:28 am
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Raymond James Financial was upgraded by JP Morgan from Neutral to Overweight with a price target raised to $135, suggesting a bullish stance on the stock.
Upgrades by major analysts like JP Morgan can lead to increased investor confidence and potential stock price appreciation. The substantial raise in price target from $110 to $135 reflects a strong positive sentiment towards Raymond James Financial's future performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100