Goldman Sachs analyst Alexander Blostein maintains $Raymond James Financial (RJF.US)$ with a hold rating, and adjusts the target price from $125 to $142.
According to TipRanks data, the analyst has a success rate of 76.6% and a total average return of 19.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Raymond James Financial (RJF.US)$'s main analysts recently are as follows:
Robust results were attributed to an uptick in capital markets activity. The outlook for sustained vigor in capital markets is favorable, owing to the supportive macroeconomic climate, previously subdued activity levels, and the firm's strategic investments.
The firm recognizes Raymond James for a strong Q4 performance with notable capital markets results. It appreciates the potential benefits stemming from surplus capital and a possible recovery in capital markets. Additionally, there's acknowledgment of the positive progression in PCG, paired with diminishing cash pressure.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
