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.
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