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June 16, 2010

Raymond James Equity Research Garners Multiple Industry Awards

ST. PETERSBURG, Fla. – The Raymond James Equity Research group was recently recognized by Forbes, The Wall Street Journal and the Financial Times in their annual rankings of top equity research analysts.

Forbes collaborated with Zacks Investment Research to identify the top analysts for buy, sell and hold advice, as well as earnings forecast accuracy. Raymond James placed third among all participating brokerage houses with nine analysts receiving a total of 15 awards. Among the top analysts were:

  • Bill Fisher, ranked first in both industrial services and transportation-land sea
  • Joe Hovorka, ranked first in consumer discretionary and second in leisure services
  • James Rollyson, ranked first in coal
  • Hans Mosesmann, ranked second in semiconductors
  • Bryan Elliott, ranked third in food and drug retailers, wholesalers
  • Darren Horowitz, ranked third in oil exploration & production, fourth in transportation-land sea and fifth in oil and gas pipelines
  • Budd Bugatch, ranked fourth in home furnishings & appliances
  • Ric Prentiss, ranked fourth in telecommunications services
  • Todd Koffman, ranked fifth in telecommunications equipment

Bill Fisher and James Rollyson also were recognized as two of the “Dazzling Dozen” – a list of the top 12 analysts with the best overall composite scores for both estimating earnings and stock-picking, regardless of industry sector.

Earlier, the Financial Times, in conjunction with one of the industry's leading research performance consultants, StarMine, announced its 2009 analyst awards for stock selection and earnings estimate accuracy. Raymond James analysts earned 11 awards, ranking the firm 10th overall in the industry.

Earning FT/StarMine awards for 2009 were:

  • Budd Bugatch
  • Bill Crow
  • Bill Fisher
  • Brian Gesaule
  • Buck Horne
  • Todd Koffman
  • Pavel Molchanov
  • Jim Parker
  • Duane Pfenningwerth
  • Anthony Polini
  • Paul Puryear
  • Marshall Adkins
  • Jim Rollyson

Marshall Adkins and Jim Rollyson were each recognized as top-10 stock-pickers in the United States across all industries from among the 1,800 who qualified for evaluation.

Additionally, The Wall Street Journal recently published its 18th annual “Best on the Street” survey and named six Raymond James analysts award winners in their sectors of expertise:

  • Budd Bugatch, Home Construction & Furnishings
  • Bryan Elliott, Restaurants
  • Pavel Molchanov, Alternative Energy
  • Duane Pfenningwerth, Airlines
  • Jim Rollyson, Mining & Metals
  • Steven Schwartz, Life Insurance

The Wall Street Journal reviewed data on more than 7,500 analysts at 530 firms located in the United States, Canada and Asia, and from there screened and analyzed the stock selection performance of 2,059 eligible analysts at 183 firms. The top five analysts in each of 44 industries were identified based solely on stock-picking skill. Raymond James' six award winners ranked the firm seventh overall in the industry among all competitors in 2009. Raymond James analysts have earned 65 awards during the past decade, ranking the firm seventh in total awards.

“These awards from respected industry institutions underscore the recognition that Raymond James has consistently received for the quality of its equity research and for the senior professionals who make up one of the leading research teams in the industry,” said Bob Anastasi, senior managing director and head of the Equity Research department at Raymond James.

The Raymond James Equity Research department covers more than 780 U.S. companies in eight industry sectors including consumer, energy, financial services, healthcare, business and industrial services, real estate, technology and telecommunications.

Forbes, the Financial Times and The Wall Street Journal do not endorse, sponsor or approve the investment programs of Raymond James. Past performance is not indicative of future results.

About Raymond James Financial, Inc.

Raymond James Financial (NYSE-RJF) is a Florida-based diversified holding company providing financial services to individuals, corporations and municipalities through its subsidiary companies. Its three principal wholly owned broker/dealers, Raymond James & Associates, Raymond James Financial Services and Raymond James Ltd. have more than 5,300 financial advisors serving 1.9 million accounts in 2,300 locations throughout the United States, Canada and overseas. In addition, total client assets are approximately $246 billion, of which approximately $32.8 billion are managed by the firm’s asset management subsidiaries.

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