BofA Securities analyst Mark McLaughlin CFA maintains $Raymond James Financial (RJF.US)$ with a buy rating, and maintains the target price at $152.
According to TipRanks data, the analyst has a success rate of 100.0% and a total average return of 17.6% 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:
The firm's strong results were propelled by an upturn in capital markets activity. The analyst anticipates sustained vigor in capital markets, bolstered by a favorable macroeconomic milieu, previously subdued activity, and strategic investments recently infused into the business.
The firm recognizes Raymond James' robust fourth-quarter performance, which was bolstered by a significant capital markets beat, and acknowledges both positive and negative factors from the recent call. The firm maintains a favorable outlook on the potential benefits from surplus capital and capital markets recovery, along with the positive trajectory in Private Client Group, which is experiencing a reduction in cash pressure.
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.
