Jefferies Financial Group price target raised to $57 from $56 at Oppenheimer

Oppenheimer raised the firm’s price target on Jefferies Financial Group to $57 from $56 and keeps an Outperform rating on the shares. Oppenheimer continues to think that Jefferies is very well-positioned to capture a larger share and maintains that the stock deserves a multiple half-way between the larger full-service investment banks and the M&A boutiques, the analyst tells investors in a research note.