NEW YORK, Nov 9 (Reuters) - Shares in Raymond James Financial could fall 20 percent as more of the bank's business loans and home mortgages go bad, Barron's reported on Sunday.
The St Petersburg, Florida-based bank is bracing for recessionary times for the next six to nine months and has a mixed outlook, Barron's said.
The financial weekly said that by some measures Raymond James shares look cheap, but said that investors might benefit from restraint to buy shares.
It said if the brokerage business remains soft and credit quality further deteriorates, earnings estimates are likely to be lowered, bringing down the stock price.
(Reporting by Yinka Adegoke, editing by Martin Golan) Keywords: RAYMONDJAMES/SHARES

(e-mail:yinka.adegoke@thomsonreuters.com Reuters Messaging: Yinka.adegoke.reuters.com@reuters.net; +1 646 223 6081)

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