Jefferies and Company Inc

In a report published Tuesday, Jefferies analyst Paul B. Fremont reiterated a Buy rating on PG&E Corporation (NYSE: PCG), and raised the price target from $46.00 to $52.00. In the report, Fremont noted, “We are adjusting 2013e quarters including a $0.05 increase in 1Q13 to $0.65 and a $0.05...

In a report from Jefferies, “The Securities and Exchange Commission today declined to pursue an enforcement action against Moody's in the matter of the model error in 2007 that led to an artificially high credit rating on European CPDOs.” Some key points were that the SEC issued a report that...

Invesco Mortgage Capital (NYSE: IVR) posted solid 2Q results, with EPS at $0.91, $0.16 ahead of estimates made by Jefferies, and $0.11 ahead of consensus. Earnings were above market expectations, asset values are resilient, and asset yields are running at the high end of the industry. Jefferies...

Invesco Mortgage Capital (NYSE: IVR) posted solid 2Q results, with EPS at $0.91, $0.16 ahead of estimates made by Jefferies, and $0.11 ahead of consensus. Earnings were above market expectations, asset values are resilient, and asset yields are running at the high end of the industry. Jefferies...

El Paso Electric Company (NYSE: EE) reported 2Q earnings of $0.49 vs. Jefferies' estimate of $0.40, and EE saw improved earnings due to increased retail volume inspired by an improving economy and strong customer growth. Jefferies is increasing its 2010 EPS estimate to $1.85, up $0.10, and...

CenterPoint Energy (NYSE: CNP) reported EPS of $0.20, below Jefferies' estimates of $0.23. Jefferies reaffirmed its 2010 earnings guidance of $1.02 to $1.12 per share. Jefferies maintains its 2010 and 2011 EPS and estimates pf $1.04 and $1.15, respectively. 3Q estimates are increased to $0.28...

ArthroCare (NASDAQ: ARTC) released 2Q revenue numbers of $88.8 vs. Jefferies estimate of $86.7, with softer margins than expected but ARTC has done maintenance on its finances, allowing it to report EPS of $0.22, $0.06 higher than estimates. Jefferies maintains its "buy" rating and price target of...

Jefferies and Company reiterated its Buy rating of Nalco Holdings earlier today, stating that current valuations "largely discount raw material and demand risks in 2010." After a $40 million sales surge due to the Gulf oil spill (1% of its total 2010 sales), Nalco reaffirmed its 2010 outlook in...