Raymond James down after BofA downgrades to 'neutral'

Wealth manager Raymond James RJF.N shares fall ~2.4% to $134.82

BofA downgrades RJF to "neutral" from "buy", saying co's private client organic growth continues to slow down

Brokerage says RJF's private client business and the attached bank contribute 80% of co's total profit

Five of 15 brokerages rate the stock "buy" or higher, ten "hold"; their median PT is $158 - LSEG data

Including session's moves, stock down ~13.2% YTD