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Stock impact report

Goldman Sachs Reiterates Buy Rating for Jefferies Financial (JEF) [Yahoo! Finance]

Jefferies Financial Group Inc. (JEF) 
Last jefferies financial group inc. earnings: 10/25 04:42 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Jefferies Financial Group Inc. (NYSE: JEF ) is one of the 10 best financial stocks with highest upside potential On March 10, Goldman Sachs decreased the firm's price target on Jefferies Financial Group Inc. (NYSE:JEF) from $71 to $61. The firm maintained its Buy rating on the stock, which currently yields more than 69% upside despite the revision. Rawpixel.com/Shutterstock.com The thesis hinges on a stark divergence in the firm's first-quarter outlook. While underwriting and trading are poised for robust performance, these gains are expected to be partially offset by a more cautious forecast for advisory revenue. Despite the target reduction, the firm retains a bullish stance, banking on the resilience of Jefferies' core investment banking franchise to drive long-term value. Earlier on March 6, Jefferies Financial Group Inc. (NYSE:JEF) responded to a lawsuit filed by Western Alliance Bancorporation (WAL) regarding a loan issued to the Point Bonita fund, which was backed sole Show less Read more
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