JEF - Why Jefferies Financial Group Is The Undervalued Mid-Cap Gem: Analyst Raises Price Target By 10% | Benzinga
Oppenheimer analyst Chris Kotowski reiterated an Outperform rating on Jefferies Financial Group Inc. (NYSE: JEF), raising the price target by $4 to $43.
The analyst sees Jefferies as an under-followed and undervalued mid-cap financial services growth company.
The analyst is remarkably upbeat about how the company has consistently gained a share in its investment banking and trading businesses over the last 20 years without commensurately growing its balance sheet and risk.
As the company continues to simplify its business mix by divesting businesses acquired in the 2013 merger with Leucadia, the analyst believes it will ...