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RJF: Jefferies Lowers Price Target for Raymond James Financial
Jefferies has lowered its price target for Raymond James Financial (RJF) from $165.00 to $145.00, while maintaining a ‘Hold’ rating. This adjustment reflects a cautious market sentiment despite the firm’s diversified financial services, which are largely driven by its wealth management franchise in the United States. Wall Street analysts currently forecast an average price target of $183.10 for RJF, implying a potential upside of 28.56% from its current price.