Keefe, Bruyette and Woods Downgrades Raymond James Financial (RJF) to Market Perform
RJF Hot Sheet
Rating Summary:3 Buy, 1 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Keefe, Bruyette and Woods downgrades Raymond James Financial (NYSE: RJF) from Outperform to Market Perform. Price target $33.
Keefe analyst says, "We are downgrading Raymond James Financial from Outperform to Market Perform as the stock has traded through our price target. Additionally, we believe that a slowing economy and volatility in the equities markets could slow the firm's retail and institutional businesses in the near-term and weigh on earnings growth."
Raymond James Financial, Inc. (RJF) is a holding company whose subsidiaries are engaged in various financial services businesses predominantly in the United States of America and Canada.
Keefe analyst says, "We are downgrading Raymond James Financial from Outperform to Market Perform as the stock has traded through our price target. Additionally, we believe that a slowing economy and volatility in the equities markets could slow the firm's retail and institutional businesses in the near-term and weigh on earnings growth."
Raymond James Financial, Inc. (RJF) is a holding company whose subsidiaries are engaged in various financial services businesses predominantly in the United States of America and Canada.
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