Jefferies Financial price target raised to $55 from $41 at Morgan Stanley

Morgan Stanley analyst Ryan Kenny raised the firm’s price target on Jefferies Financial (JEF) to $55 from $41 and keeps an Equal Weight rating on the shares. The firm, which raised its Midcap Advisors Industry View to In-Line due to improving market conditions for dealmaking, expects the pipeline to start moving again, driven by rapidly improving market conditions, regulatory clarity, significant pent-up demand, and structural drivers of M&A, the analyst tells investors in a group note.