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Fly News Breaks for September 14, 2017
RJF
Sep 14, 2017 | 06:35 EDT
Wells Fargo analyst Christopher Harris upgraded Raymond James to Outperform from Market Perform saying he sees "strong" organic growth and "much higher" profit margin over the next few years, which investors are underappreciating. The analyst likes the company's business model, which he notes is asset and interest rate sensitive and increasingly more fee driven. Harris has a $90 price target on the shares.
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