Citi cuts Raymond James PT citing market volatility, tariff uncertainty

Raymond James Financial

02/04/2025 13:06

** Citi Research cuts PT on brokerage and investment banking firm Raymond James RJF.N to $150 from $180, citing market volatility and tariff uncertainty

** "Recent volatility has presented headwinds to asset levels and delayed a return of capital markets activity," says brokerage

** Uncertainty around tariffs and overall elevated levels of volatility have presented a headwind to deal closings - Citi

** New PT implies ~8.6% upside to stock's last close

** Six of 15 brokerages rate stock "buy" or higher, and 9 "hold"; median PT is $180 - data compiled by LSEG

** As of last close, RJF shares down 11.1% YTD, compared with a 4.2% decline in S&P 500  .SPX index

(Reporting by Ateev Bhandari in Bengaluru)

((Ateev.Bhandari@thomsonreuters.com; ))