Raymond James Financial upgraded to Buy on strong Q3 outlook and growth in key segments

Raymond James Financial's rating was raised to "Buy" after positive investor event disclosures and a promising preview of its upcoming quarterly results. The company is expected to exceed earnings per share consensus for Q3 FY26, driven by strong performance in its Capital Markets and Private Client Group segments. Management also revealed ambitious revenue growth targets for Capital Markets and a strategic shift towards managed portfolios, which could improve profit margins. This upgrade reflects confidence in both short- and long-term prospects for the firm.