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Sign InTD Cowen has adjusted its outlook on Raymond James Financial (RJF), lowering its price target to $156 from the previous $181. Despite the significant downward revision, the firm opted to maintain its 'Hold' rating on the stock. This move follows a broader trend among major financial institutions, as Goldman Sachs, JPMorgan, and Barclays have also recently modified their price targets for the company. These collective revisions likely reflect updated valuation models amidst changing market conditions for the financial services and asset management sectors. While the 13.8% reduction in the price target signals a more cautious stance, the decision to maintain a neutral rating suggests that the core investment thesis remains stable. Investors are closely monitoring how these updated analyst perspectives will impact RJF's market performance in the near term.