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Bargain-hunting investors might want to take a look at Raymond James Financial Inc. Better Investing magazine features the St. Petersburg company in its July issue as the undervalued stock of the month.
"Recent stock valuations may not adequately reflect the quality and growth potential of the company," the magazine said, noting that Raymond James stock trades at a discount compared to its peers in the brokerage industry.
The magazine says its goal for an undervalued stock is a 20 percent return within 18 to 24 months. Raymond James stock was trading for $25.23 a share at the time it was selected.