Why Jefferies Financial Group Is The Undervalued Mid-Cap Gem: Analyst Raises Price Target By 10%
Portfolio Pulse from Nabaparna Bhattacharya
Oppenheimer analyst Chris Kotowski has reiterated an Outperform rating on Jefferies Financial Group Inc. (NYSE:JEF), raising the price target from $39 to $43. Kotowski sees Jefferies as an undervalued mid-cap financial services growth company and is optimistic about its consistent growth in investment banking and trading businesses. The analyst also appreciates the company's conservative balance sheet management and expects gains from divestments and share buybacks.
September 06, 2023 | 6:12 pm
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Jefferies Financial Group Inc. (NYSE:JEF) has received an Outperform rating from Oppenheimer analyst Chris Kotowski, who raised the price target to $43. The analyst sees potential in the company's consistent growth and conservative balance sheet management.
The analyst's positive outlook on Jefferies Financial Group Inc. (NYSE:JEF) is likely to boost investor confidence in the company. The raised price target indicates an expected increase in the company's stock price. The company's consistent growth in investment banking and trading businesses, as well as its conservative balance sheet management, are seen as positive indicators for its future performance.
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IMPORTANCE 80
RELEVANCE 100