Citi cuts Raymond James PT citing market volatility, tariff uncertainty

Citi Research cuts PT on brokerage and investment banking firm Raymond James RJF.N to $150 from $180, citing market volatility and tariff uncertainty

"Recent volatility has presented headwinds to asset levels and delayed a return of capital markets activity," says brokerage

Uncertainty around tariffs and overall elevated levels of volatility have presented a headwind to deal closings - Citi

New PT implies ~8.6% upside to stock's last close

Six of 15 brokerages rate stock "buy" or higher, and 9 "hold"; median PT is $180 - data compiled by LSEG

As of last close, RJF shares down 11.1% YTD, compared with a 4.2% decline in S&P 500 .SPX index