Jefferies Financial Group Receives Upgrade
Jefferies Financial Group (JEF) stock is surging after receiving an upgrade to "outperform" at Oppenheimer. Shares are up 6.8% to trade at $52.12.
The firm praised Jefferies' investor day presentation, despite a double-digit drop following the event. Bank stocks are looking to bounce back after a steep pullback triggered by bad loans.
- JEF has struggled this year, down 33.7% in 2025.
- Yesterday's pullback was captured by the long-term support at the $48 region.
- Coming into today, three of the five analysts in coverage carried a "hold" recommendation, leaving room for more upgrades.
The firm's 10-day put/call volume ratio of 1 indicates puts have been much more popular than usual over the last two weeks.
Author's summary: JEF stock surges after Oppenheimer upgrade.
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