Jefferies Financial Group recently upgraded the PFG registered shares from a ‘hold’ rating to a ‘buy’ rating. The upgrade from Jefferies came after the announcement of the company’s Q2 2021 earnings report, which exceeded the expectations of analysts. The upgrade has been welcomed by investors who have seen a significant increase in the value of PFG’s shares.
Jefferies Upgrades PFG Registered Shares: Analysis
Jefferies Financial Group, which is a multinational investment bank and financial services company, has upgraded the PFG registered shares from ‘hold’ to ‘buy.’ The analyst’s decision came after the Q2 2021 earnings report of PFG, which showed an increase in the revenue and EPS of the company. The report also revealed that the company had a solid balance sheet and positive cash flow.
Jefferies has stated that the upgrade comes as the company is well-positioned for growth in the future. The analyst has also cited the company’s recent acquisition of AIG Advisor Group as a significant contributing factor to the upgrade. Jefferies has set a price target of $60 on the PFG registered shares, which is higher than the current market price of the shares.
Key Takeaways from Jefferies Upgrading PFG Registered Shares
The upgrade of PFG registered shares by Jefferies Financial Group has been welcomed by investors. The upgrade is indicative of the positive outlook for the company, which has been reinforced by its Q2 2021 earnings report. The acquisition of AIG Advisor Group has also been a significant driver of the analyst’s upgrade.
The upgrade has also resulted in a significant increase in the value of PFG’s shares. The shares have gained more than 5% in value since the upgrade announcement. This increase in value is a testament to the confidence that investors have in the company’s future prospects.
Overall, the upgrade by Jefferies Financial Group is a positive development for PFG, which is expected to continue to perform well in the future. The company’s solid balance sheet, positive cash flow, and recent acquisition are all factors that are expected to contribute to its growth in the coming years.
Jefferies Financial Group’s decision to upgrade the PFG registered shares is a significant development for the company. The upgrade is indicative of the positive outlook for the company and is expected to contribute to its future growth. The market’s response to the upgrade has been positive, and investors are optimistic about the company’s prospects.
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