Morgan Stanley Reiterates Underweight on Jefferies Financial Gr, Maintains $27 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ryan Kenny has reiterated an 'Underweight' rating on Jefferies Financial Group (NYSE:JEF), maintaining a price target of $27.
June 28, 2023 | 11:57 am
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NEGATIVE IMPACT
Jefferies Financial Group's stock may be negatively impacted in the short term due to the 'Underweight' rating reiterated by Morgan Stanley.
Analyst ratings often influence investor sentiment and can impact stock prices. An 'Underweight' rating suggests that the analyst believes the stock will underperform compared to other stocks, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100