JEF Crosses Above Average Analyst Target
November 14, 2022 at 07:42 AM EST
In recent trading, shares of Jefferies Financial Group Inc (JEF) have crossed above the average analyst 12-month target price of $37.25, changing hands for $37.55/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..