JEF - Jefferies Financial: Expecting M&A Tailwinds In 2024 A Proven Dividend Grower

2024-01-26 12:28:34 ET

Summary

• The hold rating on Jefferies Financial from last September has been reaffirmed, agreeing with the consensus today from Seeking Alpha analysts.
• Key benefits of this stock are expected M&A activity growth in 2024, a proven 5-year dividend growth, and justifiable forward valuations.
• Key risks include the net interest margin squeeze in the current rate environment expected to continue, as well as low forward revenue growth estimates compared to key peers.
• A portfolio strategy of holding this stock for long-term dividend income is the approach we would take.

Quick Overview

Today's research note covers Jefferies Financial ( JEF ).

This article will make use of our Investing Flow below, which is based on waterfall methodology from the world of project management.

Today's article aims to answer questions like: why consider this specific stock and sector? What are the risks and benefits we can plan for? Whether the current share price and valuation make sense, what metrics matter to this specific sector, and what could be a long-term exit strategy for this stock?...

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