Goldman Sachs upgraded Jefferies Financial Group to Buy from Neutral with a price target of $40, up from $37. The analsyt says Jefferies offers “underestimated structural, longer-term growth tailwinds, combined with best-in-class near-term revenue growth.” The firm sees further longer-term market share gains. The bank can now participate in the largest M&A transactions that have a financing component, and should see share gains, the analyst tells investors in a research note.
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