Goldman Sachs Lowers EPS Estimates on Raymond James Financial

Goldman Sachs is out with its report today on Raymond James Financial RJF, lowering its EPS estimates. In a note to clients, Goldman Sachs writes, "We lower our FY3Q11/FY2011 estimates to $0.56/2.47 from $0.59/2.50, but we retain our FY2012/FY2013 estimates at $3.10/3.75 as business trends specific to RJF remain strong and we are optimistic in the firm's ability to attract new assets and banking mandates." Goldman Sachs maintains Buy and a $40 PT on RJF. At the time of posting, shares of RJF were trading at $31.60, down 3.25% from Wednesday's close.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorAnalyst RatingsFinancialsGoldman SachsInvestment Banking & BrokerageRaymond James Financial
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!