Raymond James Financial, Inc. shares fall 1.25% intraday after adjusting price target on Welltower.

Raymond James Financial, Inc. declined 1.25% in intraday trading. The company adjusted its price target on Welltower, a real estate investment trust focused on healthcare infrastructure, which could have influenced investor sentiment. Additionally, Raymond James' involvement in the dual-branded hotel development in Saltillo, Mexico, and its strong market presence in major markets may have contributed to the stock's movement.