Jefferies Financial price target raised to $86 from $66 at Goldman Sachs

Goldman Sachs analyst James Yaro raised the firm’s price target on Jefferies Financial (JEF) to $86 from $66 and keeps a Buy rating on the shares. Jefferies remains well-positioned to gain share, driven by significant upgrades to the quality of its bankers over the last five years, the analyst tells investors in a research note. Jefferies offers best-in-class exposure, and thus potential earnings upside, from a stronger recovery in sponsor M&A, and equity capital markets, Goldman says.