The Latest Breaking News from Jefferies

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Datadog Inc (NASDAQ: DDOG) shares are trading higher Thursday amid overall market strength in the technology and software sector. 

Jefferies downgraded Vodafone Group Plc (NASDAQ:VOD) for the first time in two years, citing the telecom group's vulnerability in tackling rising inflation and headwinds in Germany, Reuters notes. Analyst Jerry Dellis noted that Vodafone is facing intense competition in several key markets amid rising costs. He downgraded the company to Hold from Buy. Also Read: Vodafone…

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Jefferies Financial Group Inc (NYSE:JEF) disclosed that CEO Rich Handler's Meta Platforms Inc (NASDAQ:FB) Instagram account was hacked. "Any stories related to discounted sales of shares, crypto donations or donations to Ukraine ... that appear on that hacked Instagram account are categorically false," Jefferies said. Jefferies worked with Instagram-owner Meta to get back control…

Jefferies downgraded its rating of Herbalife Nutrition (NYSE:HLF) to Hold with a price target of $26.00, changing its price target from $60.00 to $26.00. Shares of Herbalife Nutrition are trading down 8.74% over the last 24 hours, at $25.16 per share.

Freshpet Inc (NASDAQ:FRPT) has priced the follow-on offering of 4.3 million shares at $81 per share. The offer price represents a 2.3% discount on the company’s closing price on May 3, 2022. Freshpet has also granted the underwriters a 30-day option to purchase up to 0.6 million additional shares of its common stock.…

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Jefferies has decided to maintain its Buy rating of Alphabet (NASDAQ:GOOGL) and lower its price target from $3600.00 to $3400.00. Shares of Alphabet are trading down 3.63% over the last 24 hours, at $2286.75 per share. A move to $3400.00 would account for a 48.68% increase from the current share…