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Fly News Breaks for January 25, 2016
RJF
Jan 25, 2016 | 07:03 EDT
Nomura analyst Steven Chubak downgraded Raymond James to Neutral saying its diversified model exposes its to risks of higher C&I/Energy defaults, regulatory impacts including a disruptive DOL fiduciary rule, increased volatility, and declining markets, resulting in lower Private Client fees. The analyst lowered his price target on Raymond James shares to $55 from $65.
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