Raymond James (RJF) Shares Jump on FBR Upgrade

June 4, 2009 10:44 AM EDT

Shares of Raymond James (NYSE: RJF) are getting a boost today following an upgrade from Underperform to Market Perform at Friedman Billings Ramsey. The firm also lifted its price target on Raymond James from $12 to $15.

RJF's stock most recently traded at $16.52, up 7.1% from yesterday's closing price. Given today's sharp jump higher, the FBR price target represents potential downside of nearly 9% from current levels.

To see all the analyst action specifically on Raymond James, visit our Analyst Ratings page.


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RJF 23.72

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