Oppenheimer upgraded Jefferies Financial (JEF) to Outperform from Perform with an $81 price target The firm says Jefferies’ investor day brought increased confidence in its longer-term trajectory. The company has a “specific issue” with its First Brands exposure, but this is “very limited,” the analyst tells investors in a research note. The stock is down on “atmospheric” credit concerns which are “dubious,” contends Opco. It views Jefferies as “entrepreneurial” with insiders owning 35%, and sees the company’s growth as “very dynamic.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JEF:
- Jefferies Financial price target lowered to $55 from $69 at BMO Capital
- Jefferies Highlights Strong Performance at Investor Meeting
- Jefferies Financial Group: Hold Rating Amid Legal Risks and Market Concerns Despite Positive Outlook
- Jefferies: Hold Rating Amid Market Pressures and Strategic Uncertainties
- Jefferies Financial upgraded to Outperform from Perform at Oppenheimer