BUZZ-Jefferies rises after Oppenheimer upgrades stock
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Jefferies Financial Group's shares rose 0.6% to $49.09 after Oppenheimer upgraded the stock to "outperform" following a "compelling" investor day presentation. Despite this, the stock had previously plunged 10.6% amid concerns over the bank's involvement in the First Brands collapse, which analysts believe could harm its reputation and expose it to litigation and regulatory fines. Year-to-date, JEF stock is down 37.8%.
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