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Analysts Offer Insights on Financial Companies: Raymond James Financial (RJF) and First Bancorp Puerto Rico (FBP)

There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Raymond James Financial (RJFResearch Report) and First Bancorp Puerto Rico (FBPResearch Report) with bullish sentiments.

Raymond James Financial (RJF)

Bank of America Securities analyst Mark McLaughlin CFA reiterated a Buy rating on Raymond James Financial yesterday and set a price target of $135.00. The company’s shares closed last Wednesday at $112.53.

CFA has an average return of 12.6% when recommending Raymond James Financial.

According to TipRanks.com, CFA is ranked #5135 out of 8688 analysts.

Raymond James Financial has an analyst consensus of Moderate Buy, with a price target consensus of $120.10, a 4.8% upside from current levels. In a report issued on January 10, J.P. Morgan also upgraded the stock to Buy with a $135.00 price target.

See today’s best-performing stocks on TipRanks >>

First Bancorp Puerto Rico (FBP)

In a report released yesterday, Brandon Berman from Bank of America Securities reiterated a Buy rating on First Bancorp Puerto Rico, with a price target of $19.50. The company’s shares closed last Wednesday at $16.20, close to its 52-week high of $17.15.

According to TipRanks.com, Berman is a 1-star analyst with an average return of -8.3% and a 34.8% success rate. Berman covers the Financial sector, focusing on stocks such as Texas Capital Bancshares, Associated Banc-Corp, and Commerce Bancshares.

Currently, the analyst consensus on First Bancorp Puerto Rico is a Moderate Buy with an average price target of $17.83.

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