Pali Research Upgrades Raymond James Financial (RJF) to Buy
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Pali Research upgrades Raymond James Financial (NYSE: RJF) from Neutral to Buy. Price target $20.
Pali analyst says, "The rating change is reflective of two fundamental factors. First, we believe the outlook for RJF bank credit quality is stabilizing. Second, we believe investors are overlooking that RJF is a capital markets centric firm and is leveraged to an improvement in equity markets through its retail brokerage business, institutional, and investment banking...Finally, we believe the rally in the loan market, as evidenced by Morningstar's Bank Loan Fund Composite, should also provide some relief and liquidity to the market."
To see more analyst ratings on RJF Click Here.
Raymond James Financial, Inc. (RJF) is a holding company whose subsidiaries are engaged in various financial services businesses in the United States of America and Canada.
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