Goldman Sachs Downgrades Raymond James (RJF) to Neutral
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Price: $175.20 +1.65%
Rating Summary:
9 Buy, 16 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
9 Buy, 16 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Goldman Sachs downgraded Raymond James (NYSE: RJF) from Buy to Neutral with a price target of $33, suggesting 30% upside.
The firm cited: "(1) the volatility in markets will likely lead clients to transact less and could negatively impact total client assets under administration, and (2) the Fed's statement that it will hold short-term rates at 0-0.25% through mid-2013 will dampen expectations for NIM expansion."
For more ratings news on Raymond James click here and for the rating history of Raymond James click here.
Shares of Raymond James closed at $25.47 yesterday.
The firm cited: "(1) the volatility in markets will likely lead clients to transact less and could negatively impact total client assets under administration, and (2) the Fed's statement that it will hold short-term rates at 0-0.25% through mid-2013 will dampen expectations for NIM expansion."
For more ratings news on Raymond James click here and for the rating history of Raymond James click here.
Shares of Raymond James closed at $25.47 yesterday.
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