J.P. Morgan analyst Michael Cho maintains $Raymond James Financial (RJF.US)$ with a buy rating, and adjusts the target price from $137 to $151.
According to TipRanks data, the analyst has a success rate of 83.3% and a total average return of 2.0% 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 performance was propelled by a surge in capital markets activity. The outlook for continued vigor in capital markets is supported by the favorable macroeconomic conditions, a rebound from previously subdued activity, and the strategic investments that have been injected into the operation.
The firm acknowledges Raymond James' robust Q4 performance, which surpassed expectations, especially in capital markets. The discussion highlighted various factors that could influence future results. The firm maintains a positive outlook on the company due to its potential from excess capital and capital markets rebound, along with the forward movement in PCG, which is seeing reduced 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.
