Truist initiates Raymond James with 'hold'

Raymond James Financial

01/09/2026 13:48

** Truist Securities initiates coverage on investment bank Raymond James Financial RJF.N with "hold" rating
** Brokerage sets a PT of $188, implying 5.5% upside to the stock's last close
** Says, "While net new asset growth has accelerated recently, investor focus remains on potential margin compression as the incremental cost of growth rises"
** The firm's investment banking arm offers a differentiated value proposition amongst peers, though the lower middle market focus faces near-term revenue headwinds - Truist
** Six of 15 analysts rate stock "strong buy" or "buy" and nine "hold"; their median PT is $189.11 - data compiled by LSEG
** As of last close, stock up 10.9% YTD


 (Reporting by Pragyan Kalita in Bengaluru)
 ((Pragyan.Kalita@thomsonreuters.com;))