J.P. Morgan analyst Michael Cho downgrades $Raymond James Financial (RJF.US)$ to a hold rating, and adjusts the target price from $151 to $166.
According to TipRanks data, the analyst has a success rate of 83.3% and a total average return of 7.1% 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:
Alternative asset managers are seen to benefit from significant ongoing tailwinds while retail and wealth sectors are perceived as particularly advantageous. Conversely, exchanges might not perform as strongly in positive markets, leading to slower growth compared to asset managers and certain brokers. The potential policy adjustments might benefit energy exchanges, though other areas might not see equally strong growth. Brokers are tipped as a favored sector going into 2025, supported by more stable short-term rates enhancing margin lending and other lucrative businesses along with an active trading period extended by a profit-making retail customer base.
The company's distinct advisor platform has been pivotal in fostering outstanding recruitment and retention, likely to underpin persistent growth and long-term revenue stability. Moreover, the company is poised to gain from accelerating loan growth given the current economic conditions.
Raymond James is expected to witness an upswing in earnings through fiscal 2027, driven by a revival in cash revenue growth and a return to typical levels of capital markets activity. The company's particular focus on U.S. and sponsor-based merger and acquisition revenues is anticipated to play a significant role in this recovery.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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.
