Raymond James Analyst Turns Bullish, Says Investment Banking To Drive Revenue Growth (CORRECTED)
Portfolio Pulse from Erica Kollmann
JMP Securities upgraded Raymond James Financial (NYSE:RJF) from Market Perform to Market Outperform with a $146 price target, citing increased investment banking presence and potential M&A opportunities. RJF shares rose 2.68% to $128.25, nearing a 52-week high.
October 09, 2024 | 3:39 pm
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JMP Securities upgraded Raymond James Financial to Market Outperform with a $146 price target, highlighting increased investment banking presence and potential M&A opportunities. RJF shares rose 2.68% to $128.25.
The upgrade by JMP Securities to Market Outperform and a higher price target of $146 is likely to positively impact RJF's stock price in the short term. The focus on increased investment banking presence and potential M&A opportunities adds to investor confidence, as reflected in the 2.68% rise in share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100