Seaport Global analyst James Mitchell maintains $Raymond James Financial (RJF.US)$ with a buy rating, and adjusts the target price from $139 to $159.
According to TipRanks data, the analyst has a success rate of 71.1% and a total average return of 9.9% 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 attributed to an acceleration in capital markets activity. The analyst anticipates that the positive macroeconomic environment, combined with previously subdued activity and recent investments into the business, will continue to foster strength in capital markets.
The firm acknowledges a robust Q4 performance with a notable capital markets outcome, and notes various factors from their discussion. The firm maintains a favorable view on the potential from surplus capital and a resurgence in capital markets, along with the forward movement in PCG, accompanied by 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.
