Truist cuts Raymond James stock price target to $165 on lower estimates
Truist Securities reduced Raymond James Financial's (RJF) price target to $165 from $166, maintaining a Hold rating. The change follows lower fiscal 2027-2028 estimates, including reduced net interest income and share repurchases, partly offset by higher investment banking revenues. RJF's Q4 2026 earnings beat expectations, with EPS of $3.59 and revenue of $4.27 billion. Jefferies also lowered its target to $164, keeping a Hold rating.
How this was made
The 30-second read
Why it matters
The dual target cuts reinforce a consensus view of modest downside, potentially prompting short‑term traders to trim positions.
Market read
Analyst target reductions for RJF provide a clear, actionable signal for traders today.
What to watch
The revision also reflects lower net interest income assumptions, which could improve if rates rise faster than expected.
Background
Analyst price‑target adjustments are common after earnings releases; this article combines Truist's new target with Jefferies' recent target change.
Ticker impact
Truist Securities lowered its price target on Raymond James Financial to $165, down from $166, and adjusted earnings estimates for fiscal 2027 and 2028.
likely pressure as the market prices in the lower target and earnings outlook
Analyst price‑target reductions are a direct catalyst that can move the stock, especially when accompanied by revised EPS forecasts.
Market effects
The downgrade may weigh on the broader financial services sector as peers are re‑evaluated.
U.S. equity markets could see slight bearish bias in the financials segment.
Limited to U.S. markets; no immediate global ripple.
Counterpoint
If the earnings beat holds, the target cut could be an overreaction, presenting a buying opportunity.
Key entities
- analystTruist Securities
Research firm that lowered RJF price target to $165.
- analystJefferies
Also lowered RJF price target to $164.
