Raymond James

TD Cowen analyst Bill Katz initiates coverage on Raymond James Finl (NYSE:RJF) with a Market Perform rating and announces Price Target of $121.

Raymond James Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/03/2024 4.45% Goldman Sachs → $116 Downgrades Buy → Neutral 10/30/2023 -9.96% Morgan Stanley $110 → $100 Maintains Equal-Weight 10/10/2023 6.25% Jefferies $128 → $118 Maintains Buy 09/22/2023 3.55% Citigroup $120 → $115 Maintains Neutral 09/19/2023 8.95% JP Morgan → $121 Initiates Coverage On → Neutral 09/11/2023 9.85% B of A Securities → $122 Initiates Coverage On → Buy 08/01/2023 -0.95% Morgan Stanley $112 → $110 Maintains Equal-Weight 07/31/2023 -0.95% Morgan Stanley $112 → $110 Maintains Equal-Weight 07/21/2023 0.85% Morgan Stanley → $112 Assumes → Equal-Weight 06/05/2023 0.85% Jefferies $136 → $112 Maintains Buy 04/28/2023 -2.76% Keefe, Bruyette & Woods $109 → $108 Maintains Market Perform 04/27/2023 -2.76% Keefe, Bruyette & Woods $109 → $108 Maintains Market Perform 04/27/2023 -9.96% Credit Suisse $103 → $100 Maintains Neutral 04/20/2023 2.65% Morgan Stanley $121

Raymond James Financial (RJF) reported fiscal Q4 adjusted earnings late Wednesday of $2.13 per diluted share, up from $2.08 a year earlier. Analysts surveyed by Capital IQ expected $2.28. Revenue for the quarter ended Sept. 30 was $3.05 billion, up from $2.83 billion a year earlier. Analysts polled by Capital IQ expected $3 billion.