Morgan Stanley analyst Ryan Kenny upgraded Jefferies Financial (JEF) to Overweight from Equal Weight with a price target of $78, up from $74. The firm says the merger and acquisition cycle is “gaining steam.” It cites “overblown concerns” surrounding First Brands, further shares gain ahead and the company’s expanded SMBC partnership for the upgrade of Jefferies.
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 Comes to Microsoft’s (MSFT) Defense After Reports of Weak AI Product Sales
- Palantir Stock (PLTR) Suffers Worst Month in Two Years During November
- SEC probes Jefferies Financial on First Brands failure, FT reports
- Cautious Optimism for Jefferies Financial Group Amid Growth Potential and Market Uncertainties
- Crypto Currents: AWS outage impacts centralized exchanges