Raymond James Financial (NYSE:RJF) Price Target Raised to $196.00 at Argus

Argus has increased its price target for Raymond James Financial (NYSE:RJF) to $196.00 from $178.00, reiterating a "buy" rating, indicating a potential upside of 13.27%. This decision follows Raymond James Financial reporting strong quarterly earnings of $3.14 per share, surpassing estimates, and a 15.6% year-over-year revenue increase to $3.93 billion. Despite the bullish outlook from Argus, the overall analyst sentiment for RJF remains mixed, with a consensus "hold" rating and an average price target of $181.00 based on five "buy" and eight "hold" ratings.