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. JEF has struggled this year, down 33.7% in 2025.
Yesterday's pullback was captured by the long-term support at the $48 region, paring any further losses. Three of the five analysts in coverage carried a "hold" recommendation, leaving room for more upgrades.
Puts have been more popular than usual over the last two weeks, per JEF's 10-day put/call volume ratio of 1.
Bank stocks have been making headlines, looking to bounce back after a steep pullback triggered by bad loans.
Author's summary: JEF stock surges after Oppenheimer upgrade.