Meredith Whitney Initiates Coverage on Jefferies (JEF)

Meredith Whitney Advisory Group initiated coverage of Jefferies & Company (NYSE: JEF). Jefferies is an investment bank headquartered in NYC.

Meredith Whitney gave Jefferies an Outperform rating. The price target was set at $27.00.

JEF is trading at $22.72 as of midday June 14th.

Meredith Whitney founded Meredith Whitney Advisory Group after publishing her now famous report on Citigroup that correctly predicted its crash.