Jefferies Financial's Stock Prices in Recovery, UBS Says -- Market Talk

Dow Jones

06/18

09:29 ET -- Jefferies Financial's stock has already priced in a sharp rebound in advisory and capital-markets activity, says UBS analyst Michael Brown, who downgrades the stock to neutral from buy. The downgrade comes amid what Brown sees as limited upside after a 50% quarter-over-quarter rally. The analyst notes that the valuation now "appropriately reflects elevated advisory and ECM expectations." While Brown's 2Q EPS estimate jumped on stronger deal activity, he says his longer-term forecasts rose only modestly because a robust recovery is already embedded in consensus. With the "stubbornly gradual pace" of sponsor-driven M&A and lingering credit risks, Brown says "upside [is] limited at current levels, with much already priced into EPS." UBS upgrades the target price to $67 from $59. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

June 18, 2026 09:29 ET (13:29 GMT)

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The downgrade comes amid what Brown sees as limited upside after a 50% quarter-over-quarter rally. The analyst notes that the valuation now \"appropriately reflects elevated advisory and ECM expectations.\" While Brown's 2Q EPS estimate jumped on stronger deal activity, he says his longer-term forecasts rose only modestly because a robust recovery is already embedded in consensus. With the \"stubbornly gradual pace\" of sponsor-driven M&amp;A and lingering credit risks, Brown says \"upside [is] limited at current levels, with much already priced into EPS.\" UBS upgrades the target price to $67 from $59. 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The downgrade comes amid what Brown sees as limited upside after a 50% quarter-over-quarter rally. The analyst notes that the valuation now \"appropriately reflects elevated advisory and ECM expectations.\" While Brown's 2Q EPS estimate jumped on stronger deal activity, he says his longer-term forecasts rose only modestly because a robust recovery is already embedded in consensus. With the \"stubbornly gradual pace\" of sponsor-driven M&amp;A and lingering credit risks, Brown says \"upside [is] limited at current levels, with much already priced into EPS.\" UBS upgrades the target price to $67 from $59. (adriano.marchese@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 18, 2026 09:29 ET (13:29 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4127","symbol_name":"投資銀行業與經紀業","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2644800089","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2644800089","pubTimestamp":1781789340,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"09:29 ET -- Jefferies Financial's stock has already priced in a sharp rebound in advisory and capital-markets activity, says UBS analyst Michael Brown, who downgrades the stock to neutral from buy. The downgrade comes amid what Brown sees as limited upside after a 50% quarter-over-quarter rally. The analyst notes that the valuation now \"appropriately reflects elevated advisory and ECM expectations.\" While Brown's 2Q EPS estimate jumped on stronger deal activity, he says his longer-term forecasts rose only modestly because a robust recovery is already embedded in consensus. With the \"stubbornly gradual pace\" of sponsor-driven M&A and lingering credit risks, Brown says \"upside [is] limited at current levels, with much already priced into EPS.\" UBS upgrades the target price to $67 from $59. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4127":"投资银行业与经纪业","JEF":"杰富瑞","BK4559":"巴菲特持仓"},"translate_title":"瑞银称杰富瑞金融股价正在复苏——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JEF":0.9},"content_text":"09:29 ET -- Jefferies Financial's stock has already priced in a sharp rebound in advisory and capital-markets activity, says UBS analyst Michael Brown, who downgrades the stock to neutral from buy. The downgrade comes amid what Brown sees as limited upside after a 50% quarter-over-quarter rally. The analyst notes that the valuation now \"appropriately reflects elevated advisory and ECM expectations.\" While Brown's 2Q EPS estimate jumped on stronger deal activity, he says his longer-term forecasts rose only modestly because a robust recovery is already embedded in consensus. With the \"stubbornly gradual pace\" of sponsor-driven M&A and lingering credit risks, Brown says \"upside [is] limited at current levels, with much already priced into EPS.\" UBS upgrades the target price to $67 from $59. (adriano.marchese@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 18, 2026 09:29 ET (13:29 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}