Oppenheimer raised the firm’s price target on Jefferies Financial (JEF) to $97 from $81 and keeps an Outperform rating on the shares ahead of the fiscal Q4 report. The firm believes the company’s “strong growth trajectory remains in place” for 2026 and 2027. Opco assumes Jefferies will completely impair its $113M investment in the Point Bonita Funds, which takes down its earnings per share estimate for the quarter to 80c. It sees the rebound in mergers and underwriting activity as catalysts for the stock.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JEF:
- Jefferies Financial assumed with a Buy at UBS
- Jefferies Casts Doubt on Demand for Nvidia’s (NVDA) H200 Chips in China
- Jefferies Acquires 50% Stake in Hildene Holding
- Jefferies Financial to acquire 50% interest in Hildene Holding Company
- Jefferies Financial upgraded to Overweight from Equal Weight at Morgan Stanley