KBW Maintains Market Perform on Raymond James Financial (RJF)

KBW is out with its report today on Raymond James Financial RJF, maintaining Market Perform after RJF's analyst day on Wednesday. In a note to clients, KBW writes, "RJF hosted an investor and analyst day on Wednesday at its headquarters in St. Petersburg. The presentations were led by the leaders from each business segment and management continues to be very positive on their growth prospects. Management highlighted potential acquisitions, specifically in the asset management business. Management reiterated that ROEs could reach 15%-18%." KBW maintains a $39 PT on RJF. Shares of RJF closed Wednesday at $34.77, down 1.47% from Tuesday's close.