-
Jefferies Upgrades E-Trade Financial, 'A Unique And Scarce Asset'
Wednesday, September 19, 2018 - 10:30am | 423With a potential sale looming, shares of E-Trade Financial Corp. (NASDAQ: ETFC) are attractive, according to Jefferies. The Analyst Jefferies analyst Daniel Fannon upgraded E-Trade Financial from Hold to Buy and maintained a $65 price target. The Thesis The upgrade demonstrates the...
-
CBOE, Bats Deal Viewed Favorably By Jefferies
Tuesday, September 27, 2016 - 10:43am | 347CBOE Holdings, Inc (NASDAQ: CBOE) announced on September 26 that it was acquiring Bats Global Markets Inc (BATS: BATS) for $3.2 billion or $32.50 per share. Jefferies’ Daniel T. Fannon maintains a Hold rating on CBOE Holdings, with a price target of $62. Favorable Deal Fannon expects the deal...
-
These Analysts Hung Out With CME Group Management; Here's What Happened
Monday, March 30, 2015 - 3:20pm | 297Jefferies commented on CME Group Inc (NASDAQ: CME) Monday following a meeting with management. The firm maintained a Buy rating and raised its price target from $97 to $104. Analysts led by Daniel T. Fannon noted that while volumes moderated over the past week, "the backdrop of uncertainty...
-
UPDATE: Jefferies Reiterates on Intercontinental Exchange on Same Focus on Growth and Returns
Wednesday, November 20, 2013 - 11:35am | 106In a report published Wednesday, Jefferies analyst Daniel T. Fannon reiterated a Buy rating on Intercontinental Exchange (NYSE: ICE), and raised the price target from $215.00 to $235.00. In the report, Jefferies noted, “With the NYX deal now complete, the focus turns to integration, execution and...
-
UPDATE: Jefferies Raises PT on Waddell & Reed Financial on 2Q13 Asset Manager Preview
Monday, July 8, 2013 - 11:03am | 122In a report published Monday, Jefferies analyst Daniel T. Fannon reiterated a Hold rating on Waddell & Reed Financial (NYSE: WDR), and raised the price target from $40.00 to $43.00. In the report, Jefferies noted, “Both the traditional and alternative asset managers will begin reporting...
-
UPDATE: Jefferies Raises PT on Invesco Following Management Team Trip
Monday, June 17, 2013 - 9:20am | 99In a report published Monday, Jefferies analyst Daniel T. Fannon reiterated a Buy rating on Invesco (NYSE: IVZ), and raised the price target from $37.00 to $39.00. In the report, Jefferies noted, “Last week we traveled with the management team of Invesco for several days. The outlook for...
-
UPDATE: Jefferies Raises PT on CME Group Following Time with Management
Monday, June 3, 2013 - 10:32am | 114In a report published Monday, Jefferies analyst Daniel T. Fannon reiterated a Buy rating on CME Group (NASDAQ: CME), and raised the price target from $69.00 to $78.00. In the report, Jefferies noted, “Last week we spent several days with the management team of CME. In addition to record volumes...
-
UPDATE: Jefferies Raises PT on Legg Mason Following Management Team Meetings
Wednesday, May 29, 2013 - 9:29am | 108In a report published Wednesday, Jefferies analyst Daniel T. Fannon reiterated a Hold rating on Legg Mason (NYSE: LM), and raised the price target from $30.00 to $36.00. In the report, Jefferies noted, “Last week we spent several days with the mgmt. team of Legg Mason. Flow trends appear poised...
-
UPDATE: Jefferies Raises PT on IntercontinentalExchange Following NYSE Euronext Merger Close
Tuesday, May 28, 2013 - 10:13am | 119In a report published Tuesday, Jefferies analyst Daniel T. Fannon reiterated a Buy rating on IntercontinentalExchange (NYSE: ICE), and raised the price target from $185.00 to $215.00. In the report, Jefferies noted, “Following the close of the pending NYSE Euronext merger, ICE's business mix...
-
UPDATE: Jefferies Reiterates Hold Rating, Raises PT on Eaton Vance Ahead of F2Q13 Earnings
Tuesday, May 21, 2013 - 10:23am | 115In a report published Tuesday, Jefferies analyst Daniel T. Fannon reiterated a Hold rating on Eaton Vance (NYSE: EV), and raised the price target from $40.00 to $42.00. In the report, Jefferies noted, “Ahead of F2Q13 earnings next week we are increasing our estimate by $0.01 to reflect market...
-
Jefferies Lowers Invesco (IVZ) Price Target But Likes Long Term Outlook
Thursday, June 10, 2010 - 10:19am | 211Jefferies & Company analysts Daniel T. Fannon and Surinder Thind maintained their Buy rating for shares of Invesco Plc (NYSE: IVZ) and lowered the price target to $25 per share, down from the previous price target of $27 per share. The analysts said that Invesco's long term fundamentals were...
-
Jefferies & Company, Inc. Initiates Coverage Of State Street Corporation (STT) With Hold Rating
Tuesday, May 25, 2010 - 12:05pm | 80Analysts Daniel T. Fannon and Todd Solomon at Jefferies & Company, Inc. have initiated coverage of State Street Corporation (NYSE: STT) with Hold rating. The price target for the company has been set at $42. Analysts believe that State Street is a premium brand within financial services....
-
Jefferies & Company, Inc. Initiates Coverage Of Northern Trust Corporation (NTRS) With Hold Rating
Tuesday, May 25, 2010 - 9:55am | 88Analysts Daniel T. Fannon and Todd Solomon at Jefferies & Company, Inc. have initiated coverage of Northern Trust Corporation (NASDAQ: NTRS) with Hold rating. Analysts view Northern Trust as a high-quality company, with a track record of consistent growth and steady returns. Analysts believe...