Raymond James Stock Recommendations and Price Targets

Raymond James Financial, Inc., a financial holding company, through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, Europe, and internationally. The company operates through Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other segments. The Private Client Group segment provides securities brokerage services, including the sale of equities, mutual funds, fixed income products, and insurance products to their individual clients; and borrowing and lending of securities to and from other broker-dealers, financial institutions, and other counterparties. The Capital Markets segment offers securities brokerage, trading, and research services to institutions with a focus on sale of the United States and Canadian equities and fixed income products; and manages and participates in underwritings, merger and acquisition services, and public finance activities. The Asset Management segment engages in the operations of Eagle, the Eagle Family of Funds, Cougar, the asset management operations of Raymond James & Associates, trust services of Raymond James Trust, and other fee-based asset management programs. The RJ Bank segment provides corporate loans, SBL, tax-exempt loans, and residential loans. The Other segment engages in private equity activities, including various direct and third party private equity investments; and private equity funds. Raymond James Financial, Inc. was founded in 1962 and is based in St. Petersburg, Florida.

This is a list of recent ratings by Raymond James.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
12/8/2023	TOL Toll Brothers	Boost Price Target	$93.00	$110.00 ➝ $120.00	Strong-Buy ➝ Strong-Buy	Low
12/8/2023	CIEN Ciena	Lower Price Target	$44.00	$63.00 ➝ $60.00	Strong-Buy ➝ Strong-Buy	Low
12/8/2023	LB Laurentian Bank of Canada	Boost Price Target	C$26.00	C$29.00 ➝ C$32.00	Market Perform	N/A
12/7/2023	AVAV AeroVironment	Boost Price Target	$125.00	$125.00 ➝ $145.00	Outperform ➝ Outperform	Low
12/7/2023	BIIB Biogen	Upgrade	$239.00	$283.00	Market Perform ➝ Outperform	Low
12/7/2023	AMD Advanced Micro Devices	Boost Price Target	$129.00	$125.00 ➝ $140.00	Strong-Buy ➝ Strong-Buy	Low
12/7/2023	BRZE Braze	Boost Price Target	$54.00	$52.00 ➝ $75.00	Outperform ➝ Outperform	Low
12/7/2023	PRU Prudential Financial	Boost Price Target	$101.00	$125.00 ➝ $132.00	Strong-Buy ➝ Strong-Buy	Low
12/7/2023	PHR Phreesia	Lower Price Target	$18.00	$30.00 ➝ $25.00	Outperform ➝ Outperform	Low
12/7/2023	ET Evertz Technologies	Boost Price Target	C$14.00	C$15.50 ➝ C$16.00	Outperform	N/A
12/7/2023	CMG Chipotle Mexican Grill	Boost Price Target	$2,243.00	$2,100.00 ➝ $2,450.00	Outperform ➝ Outperform	Low
12/6/2023	AZO AutoZone	Upgrade	$2,620.00	$2,850.00 ➝ $3,100.00	Outperform ➝ Strong-Buy	Low
12/6/2023	SHAK Shake Shack	Upgrade	$61.00	$78.00	Outperform ➝ Strong-Buy	Low
12/6/2023	WFC Wells Fargo & Company	Boost Price Target	$46.00	$52.00 ➝ $55.00	Strong-Buy ➝ Strong-Buy	Low
12/6/2023	BOX BOX	Lower Price Target	$24.00	$33.00 ➝ $30.00	Outperform ➝ Outperform	Low
12/6/2023	EAT Brinker International	Boost Price Target	$40.00	$42.00 ➝ $45.00	Strong-Buy ➝ Strong-Buy	Low
12/6/2023	S SentinelOne	Boost Price Target	$24.00	$22.00 ➝ $26.00	Strong-Buy ➝ Strong-Buy	Low
12/6/2023	HBM Hudbay Minerals	Lower Price Target	C$7.00	C$9.50 ➝ C$9.00	Outperform	N/A
12/6/2023	STN Stantec	Boost Price Target	C$105.00	C$105.00 ➝ C$120.00	Outperform	N/A
12/6/2023	DSG The Descartes Systems Group	Boost Price Target	C$113.00	C$81.00 ➝ C$84.00	Market Perform	N/A
12/5/2023	CRGY Crescent Energy	Initiated Coverage	$12.00	$16.00	Strong-Buy	Low
12/5/2023	LULU Lululemon Athletica	Downgrade	$490.00	$440.00 ➝ $495.00	Strong-Buy ➝ Outperform	Low
12/5/2023	RUS Russel Metals	Boost Price Target	C$42.00	C$44.00 ➝ C$47.00	Outperform	N/A
12/4/2023	ALK Alaska Air Group	Downgrade	$36.00		Strong-Buy ➝ Market Perform	Low
12/4/2023	GFL GFL Environmental	Boost Price Target	$28.00	$35.00 ➝ $36.00	Outperform ➝ Outperform	Low
12/4/2023	CHWY Chewy	Lower Price Target	$19.00	$33.00 ➝ $24.00	Outperform ➝ Outperform	Low
12/1/2023	MRVL Marvell Technology	Lower Price Target	$53.00	$64.00 ➝ $62.00	Outperform ➝ Outperform	Low
12/1/2023	MDC M.D.C.	Lower Price Target	$49.00	$60.00 ➝ $55.00	Outperform ➝ Outperform	Low
12/1/2023	DELL Dell Technologies	Boost Price Target	$69.00	$68.00 ➝ $82.00	Outperform ➝ Outperform	Low
12/1/2023	ROAD Construction Partners	Boost Price Target	$42.00	$45.00 ➝ $49.00	Strong-Buy ➝ Strong-Buy	Low
12/1/2023	ABBV AbbVie	Boost Price Target	$149.00	$177.00 ➝ $181.00	Outperform ➝ Outperform	Low
12/1/2023	CLS Celestica	Boost Price Target	C$37.00	C$29.00 ➝ C$33.00	Buy	N/A
12/1/2023	FNV Franco-Nevada	Lower Price Target	$109.00	$145.00 ➝ $135.00	Hold	Low
12/1/2023	GROY Gold Royalty	Lower Price Target	$1.00	$3.50 ➝ $3.00	Market Perform	N/A
11/30/2023	ECL Ecolab	Initiated Coverage	$192.00	$210.00	Outperform	Low
11/30/2023	ATD Alimentation Couche-Tard	Boost Price Target	C$77.00	C$82.00 ➝ C$87.00		N/A
11/30/2023	TRTX TPG RE Finance Trust	Lower Price Target	$6.00	$9.00 ➝ $8.50	Strong-Buy ➝ Strong-Buy	Low
11/30/2023	SNOW Snowflake	Boost Price Target	$191.00	$170.00 ➝ $190.00	Outperform ➝ Outperform	Low
11/30/2023	CRM Salesforce	Boost Price Target	$251.00	$280.00 ➝ $300.00	Strong-Buy ➝ Strong-Buy	Low
11/30/2023	PSTG Pure Storage	Lower Price Target	$33.00	$45.00 ➝ $42.00	Strong-Buy ➝ Strong-Buy	Low
11/29/2023	GTLB GitLab	Initiated Coverage	$59.00		Market Perform	Low
11/29/2023	NTAP NetApp	Boost Price Target	$89.00	$80.00 ➝ $83.00	Outperform ➝ Outperform	Low
11/29/2023	MU Micron Technology	Boost Price Target	$75.00	$76.00 ➝ $82.00	Outperform ➝ Outperform	Low
11/29/2023	ARGX argenx	Lower Price Target	$453.00	$600.00 ➝ $580.00	Strong-Buy ➝ Strong-Buy	Low
11/29/2023	CPX Capital Power	Boost Price Target	C$38.00	C$45.00 ➝ C$46.00	Market Perform	N/A
11/28/2023	CROX Crocs	Upgrade	$104.00	$98.00 ➝ $115.00	Outperform ➝ Strong-Buy	Low
11/28/2023	FCNCA First Citizens BancShares	Initiated Coverage	$1,446.00		Market Perform	Low
11/28/2023	RWT Redwood Trust	Lower Price Target	$7.00	$10.00 ➝ $9.00	Strong-Buy ➝ Strong-Buy	Low
11/28/2023	AEM Agnico Eagle Mines	Lower Price Target	$51.00	$67.00 ➝ $66.00	Outperform	Low
11/28/2023	BTG B2Gold	Lower Price Target	$3.00	$5.00 ➝ $4.50	Outperform	N/A
11/28/2023	ERO Ero Copper	Lower Price Target	C$18.00	C$26.00 ➝ C$25.00	Market Perform	N/A
11/28/2023	FM First Quantum Minerals	Lower Price Target	C$10.00	C$24.00 ➝ C$20.00	Market Perform	N/A
11/28/2023	KGC Kinross Gold	Lower Price Target	$6.00	$6.00 ➝ $5.50	Market Perform	Low
11/28/2023	LUM Lumina Gold	Lower Price Target	C$0.00	C$1.50 ➝ C$1.00	Outperform	N/A
11/28/2023	LUN Lundin Mining	Lower Price Target	C$10.00	C$9.50 ➝ C$9.00	Market Perform	N/A
11/28/2023	NGD New Gold	Boost Price Target	$1.00	$1.50 ➝ $1.75	Market Perform	N/A
11/28/2023	OGC OceanaGold	Lower Price Target	C$2.00	C$4.50 ➝ C$4.00	Outperform	N/A
11/27/2023	GPK Graphic Packaging	Downgrade	$23.00		Strong-Buy ➝ Market Perform	Low
11/27/2023	PCH PotlatchDeltic	Downgrade	$45.00		Strong-Buy ➝ Market Perform	Low
11/27/2023	WY Weyerhaeuser	Downgrade	$31.00		Strong-Buy ➝ Market Perform	Low
11/27/2023	LUV Southwest Airlines	Lower Price Target	$29.00	$36.00 ➝ $34.00	Outperform ➝ Outperform	Low
11/22/2023	J Jacobs Solutions	Downgrade	$127.00		Outperform ➝ Market Perform	Low
11/22/2023	GBDC Golub Capital BDC	Boost Price Target	$15.00	$15.50 ➝ $16.00	Outperform ➝ Outperform	Low
11/22/2023	DG Dollar General	Lower Price Target	$127.00	$160.00 ➝ $150.00	Outperform ➝ Outperform	Low
11/22/2023	NOG Northern Oil and Gas	Lower Price Target	$37.00	$55.00 ➝ $51.00	Strong-Buy ➝ Strong-Buy	Low
11/22/2023	LB Laurentian Bank of Canada	Lower Price Target	C$26.00	C$36.00 ➝ C$29.00	Market Perform	N/A
11/21/2023	MFA MFA Financial	Lower Price Target	$11.00	$13.00 ➝ $12.50	Outperform ➝ Outperform	Low
11/21/2023	PPBI Pacific Premier Bancorp	Boost Price Target	$26.00	$23.00 ➝ $26.00	Strong-Buy ➝ Strong-Buy	Low
11/21/2023	FNV Franco-Nevada	Lower Price Target	C$147.00	C$163.00 ➝ C$162.00	Outperform	N/A
11/20/2023	EG Everest Group	Boost Price Target	$385.00	$455.00 ➝ $460.00	Strong-Buy ➝ Strong-Buy	Low
11/20/2023	SKWD Skyward Specialty Insurance Group	Boost Price Target	$33.00	$30.00 ➝ $36.00	Strong-Buy ➝ Strong-Buy	Low
11/20/2023	SOT.UN Slate Office REIT	Lower Price Target	C$1.00	C$1.10 ➝ C$1.00	Market Perform	N/A
11/17/2023	CAVA CAVA Group	Initiated Coverage	$32.00		Market Perform	Low
11/17/2023	PNNT PennantPark Investment	Boost Price Target	$7.00	$7.25 ➝ $7.50	Outperform ➝ Outperform	Low
11/17/2023	FOA Finance Of America Companies	Lower Price Target	$1.00	$2.25 ➝ $2.00	Outperform ➝ Outperform	Low
11/17/2023	CPA Copa	Boost Price Target	$98.00	$152.00 ➝ $155.00	Strong-Buy ➝ Strong-Buy	Low
11/17/2023	TCN Tricon Residential	Boost Price Target	$8.00	$9.00 ➝ $10.50	Strong-Buy	Low
11/17/2023	WPM Wheaton Precious Metals	Boost Price Target	$47.00	$56.00 ➝ $57.00	Outperform	Low
11/16/2023	GLBE Global-e Online	Lower Price Target	$34.00	$45.00 ➝ $41.00	Outperform ➝ Outperform	Low
11/16/2023	COMM CommScope	Upgrade	$2.00		Underperform ➝ Market Perform	Low
11/16/2023	EVA Enviva	Downgrade	$1.00		Strong-Buy ➝ Market Perform	Low
11/16/2023	BWAY BrainsWay	Downgrade	$6.00		Outperform ➝ Market Perform	Low
11/16/2023	RVMD Revolution Medicines	Initiated Coverage	$25.00	$30.00	Outperform	Low
11/16/2023	GFF Griffon	Boost Price Target	$51.00	$55.00 ➝ $60.00	Strong-Buy ➝ Strong-Buy	Low
11/16/2023	MAXN Maxeon Solar Technologies	Lower Price Target	$4.00	$20.00 ➝ $10.00	Outperform ➝ Outperform	Low
11/16/2023	PANW Palo Alto Networks	Boost Price Target	$298.00	$250.00 ➝ $260.00	Outperform ➝ Outperform	Low
11/16/2023	CPG Crescent Point Energy	Boost Price Target	C$9.00	C$16.00 ➝ C$16.50	Outperform	N/A
11/16/2023	EQB EQB	Lower Price Target	C$80.00	C$98.00 ➝ C$97.00	Outperform	N/A
11/16/2023	NXR.UN Nexus Industrial REIT	Boost Price Target	C$8.00	C$8.50 ➝ C$9.25	Outperform	N/A
11/16/2023	TECK.B Teck Resources	Lower Price Target	C$53.00	C$67.00 ➝ C$66.00	Outperform	N/A
11/16/2023	TNT.UN True North Commercial REIT	Lower Price Target	C$9.00	C$2.00 ➝ C$1.75	Market Perform	N/A
11/15/2023	TCBI Texas Capital Bancshares	Lower Price Target	$58.00	$72.00 ➝ $69.00	Strong-Buy ➝ Strong-Buy	Low
11/15/2023	CXB Calibre Mining	Lower Price Target	C$1.00	C$2.25 ➝ C$2.00		N/A
11/15/2023	ECN ECN Capital	Lower Price Target	C$3.00	C$4.00 ➝ C$3.50		N/A
11/15/2023	NEO Neo Performance Materials	Lower Price Target	C$7.00	C$14.00 ➝ C$13.00		N/A
11/14/2023	SKIN Beauty Health	Downgrade	$3.00		Market Perform ➝ Underperform	Low
11/14/2023	PASG Passage Bio	Lower Price Target	$1.00	$9.00 ➝ $5.00	Outperform ➝ Outperform	Low
11/14/2023	LPTX Leap Therapeutics	Lower Price Target	$3.00	$18.50 ➝ $17.50	Outperform ➝ Outperform	Low
11/14/2023	DNA Ginkgo Bioworks	Downgrade	$1.00	$3.50 ➝ $2.50	Outperform ➝ Market Perform	Low
11/14/2023	ALTG Alta Equipment Group	Lower Price Target	$11.00	$22.00 ➝ $19.50	Outperform	Low