UBS downgrades Jefferies rating to 'neutral' after sharp rally

Jefferies Financial

18/06/2026 13:42

    ** Shares of Jefferies Financial JEF.N down 1.63% to $60.87 premarket after UBS downgrades rating to "neutral" from "buy"
** With JEF shares rallying in recent months, brokerage says the valuation appropriately reflects elevated advisory and equity capital markets expectations
** Adds that valuation is nearing fair value given weak investor communication and limited visibility on faster sponsor activity and sustained execution without hiccups 
** Brokerage, however, raised PT to $67 from $59, implying an 8.3% upside to the stock's last close 
** Three analysts rate stock "strong buy" or "buy" and three "hold"; median PT is $66 - data compiled by LSEG
** As of last close, stock down 0.14% YTD

 (Reporting by Pragyan Kalita in Bengaluru)
 ((Pragyan.Kalita@thomsonreuters.com;))