Jefferies Financial Group (JEF) stock is up 6.8% to $52.12 after receiving an upgrade to "outperform" from "perform" at Oppenheimer.
The firm praised Jefferies' investor day presentation, despite a double-digit drop following the event. JEF has struggled this year, down 33.7% in 2025, but yesterday's pullback was captured by long-term support at the $48 region.
Currently, three of five analysts in coverage carry a "hold" recommendation, leaving room for more upgrades. Additionally, puts have been more popular than usual over the last two weeks, per JEF's 10-day put/call volume ratio of 1.
Bank stocks have been making headlines, looking to bounce back after a steep pullback triggered by bad loans.
Author's summary: JEF stock surges after upgrade to "outperform".