Analysts at Jefferies have estimated that insured catastrophe losses year-to-date are running at around 20% above the long-term average, or 34% above the 10-year average. Looking at the month of February alone, catastrophe losses are 59% above the long-term average, Jefferies says, with winter weather accounting for 97% of the insured losses in this period.
With more than 3,500 core retail stores, Reliance Retail, the largest retailer in the country and the only one with a multi category presence in electronics, fashion and grocery, is expected to grow its core offline revenue at 16% CAGR over the next five years, driven by growth in the fashion and grocery segments, said Jefferies in a note on Thursday.
Updated : March 19, 2021 07:19 PM IST In its note, Jefferies has maintained its constructive stance with Infosys as top pick Accenture announced a one-time bonus for all its employees on March 18, after the company reported very strong second-quarter results Brokerage firm Jefferies sees tech major Accenture's earnings as positive for the Indian information technology (IT) sector.
5 hours ago (Mar 19, 2021 08:25AM ET) Jefferies (NYSE:) analyst Samad Samana maintained a Buy rating on Nice-Systems (NASDAQ:) on Thursday, setting a price target of $320, which is approximately 40.14% above the present share price of $228.35. Samana expects Nice-Systems to post earnings per share (EPS) of $0.87 for the first quarter of 2021.
12 hours ago (Mar 19, 2021 08:25AM ET) Jefferies (NYSE:) analyst David Steinberg maintained a Buy rating on Pacira Pharmaceuticals (NASDAQ:) on Thursday, setting a price target of $85, which is approximately 22.28% above the present share price of $69.51. Steinberg expects Pacira Pharmaceuticals to post earnings per share (EPS) of $0.33 for the first quarter of 2021.
12 hours ago (Mar 19, 2021 08:25AM ET) Jefferies (NYSE:) analyst Randal Konik maintained a Buy rating on Ollie's Bargain Outlet Holding (NASDAQ:) on Friday, setting a price target of $125, which is approximately 45.33% above the present share price of $86.01.
4 hours ago (Mar 19, 2021 08:26AM ET) Jefferies (NYSE:) analyst David Kelley maintained a Buy rating on BorgWarner (NYSE:) on Friday, setting a price target of $50, which is approximately 3.82% above the present share price of $48.16. Kelley expects BorgWarner to post earnings per share (EPS) of $1.50 for the first quarter of 2021.
7 hours ago (Mar 19, 2021 08:25AM ET) Jefferies (NYSE:) analyst Michael Yee maintained a Buy rating on ALX Oncology Holdings on Thursday, setting a price target of $95, which is approximately 30.39% above the present share price of $72.86. Yee expects ALX Oncology Holdings to post earnings per share (EPS) of -$0.36 for the first quarter of 2021.
Envestnet, Inc. (NYSE:ENV) - Research analysts at Jefferies Financial Group issued their Q1 2022 earnings per share (EPS) estimates for Envestnet in a note issued to investors on Thursday, March 18th. Jefferies Financial Group analyst S. Thind expects that the business services provider will earn
Navient (NASDAQ:NAVI) was upgraded by equities researchers at Jefferies Financial Group from a "hold" rating to a "buy" rating in a research note issued to investors on Friday, The Fly reports. A number of other brokerages also recently commented on NAVI.
Accenture's Q2 FY21 revenues grew 5% YoY, ahead of its guidance. Demand environment remains strong with the company's new bookings growing 13% YoY to US $16 bn - their highest ever. Management expects demand to remain strong led by accelerated digital transformation and as a result has raised its revenue growth guidance by 250 bps to 6.5-8.5%.
Friday, March 19, 2021 | MarketBeat The Simply Good Foods (NASDAQ:SMPL) was downgraded by investment analysts at Jefferies Financial Group from a "buy" rating to a "hold" rating in a report issued on Friday, Price Targets.com reports. They presently have a $36.00 price objective on the financial services provider's stock.
Whole Earth Brands (NASDAQ:FREE)'s stock had its "buy" rating reissued by Jefferies Financial Group in a research report issued on Friday, AnalystRatings.com reports. They presently have a $22.00 price target on the stock. Jefferies Financial Group's target price points to a potential upside of 62.00% from the stock's current price.
Huntsman Co. (NYSE:HUN) - Analysts at Jefferies Financial Group raised their Q4 2021 earnings estimates for Huntsman in a research report issued to clients and investors on Wednesday, March 17th. Jefferies Financial Group analyst L. Alexander now expects that the basic materials company will post
Corbus Pharmaceuticals Holdings, Inc. (NASDAQ:CRBP) - Jefferies Financial Group issued their Q1 2021 earnings per share (EPS) estimates for Corbus Pharmaceuticals in a research note issued on Tuesday, March 16th. Jefferies Financial Group analyst M. Raycroft forecasts that the biopharmaceutical c
Jefferies is offering each of its 1,124 analysts and associates, according to a memo, a choice of one of the following as a show of appreciation for their hard work during the COVID-19 crisis: a Peloton bike with a one-year subscription, a Mirror home workout system with a one-year subscription, or an array of Apple products.
Insurance and reinsurance industry catastrophe claims are likely running around 34% above the 10-year average for the year-to-date thanks to the significant contribution from US winter storms and freezing weather, according to analysts at Jefferies.
Jefferies and Morgan Stanley have nabbed the corporate broking mandate for Martin Sorrell's S4 Capital, as competition in this British corner of investment banking continues to grow. The two investment banks were named alongside Dowgate Capital as corporate brokers for Sorrell's digital advertising and marketing firm, which raised $146m in July last year to fund acquisitions.
Updated : March 17, 2021 05:09 PM IST The Jefferies report also stated that the management sees strong growth potential in exchange traded funds (ETFs), which can open up new money pools Jefferies also stated that the management aimed to widen the product suite
Updated : March 17, 2021 05:26 PM IST The report states that Ujjivan Small Finance Bank is open to mergers and acquisitions Ujjivan Small Finance Bank is also awaiting clarity from the RBI on the reverse merger with its holding company