Jefferies Q4 Margins Disappoint, Analyst Sees It As Top Market Rebound Bet
1. JEF reported fourth-quarter earnings of 93 cents per share, missing estimates. 2. Analyst James Yaro maintained a Buy rating and raised the price target to $87. 3. The revenue mix was skewed, impacting margins and quality of earnings. 4. Despite challenges, JEF is positioned to benefit from a capital markets recovery. 5. Shares closed at $80.13, reflecting a 0.69% increase.