Morgan Stanley Maintains Overweight Rating for Raymond James Finl: Here's What You Need To Know

Morgan Stanley has decided to maintain its Overweight rating of Raymond James Finl RJF and lower its price target from $121.00 to $114.00.

Shares of Raymond James Finl are trading down 0.84% over the last 24 hours, at $96.08 per share.

A move to $114.00 would account for a 18.65% increase from the current share price.

About Raymond James Finl

Raymond James Financial is a financial holding company whose major operations include wealth management, investment banking, asset management, and commercial banking. The company supports more than 8,000 employee and independent contractor financial advisors across the United States, Canada, and the United Kingdom with over $1 trillion of assets under administration as of September 2022. Approximately 90% of the company's revenue is from the U.S. and 70% is from the company's wealth-management segment.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.