Raymond James down after BofA downgrades to 'neutral'

Raymond James Financial

30/04/2025 16:02

** Wealth manager Raymond James RJF.N shares fall ~2.4% to $134.82

** BofA downgrades RJF to "neutral" from "buy", saying co's private client organic growth continues to slow down

** Brokerage says RJF's private client business and the attached bank contribute 80% of co's total profit

** Five of 15 brokerages rate the stock "buy" or higher, ten "hold"; their median PT is $158 - LSEG data

** Including session's moves, stock down ~13.2% YTD

(Reporting by Prakhar Srivastava in Bengaluru)

((Prakhar.srivastava2@thomsonreuters.com))