The Latest Breaking News from Jefferies

Jefferies analyst Stephen Volkmann upgraded Caterpillar Inc (NYSE:CAT) to Buy from Hold and raised the price target to $260 (an upside of 26%) from $215. Volkmann's prior Hold rating had been based on concerns that constrained CAPEX and ESG themes in mining and oil and gas markets that accounted for about 40% of Caterpillar revenue,…

Ardelyx Inc (NASDAQ:ARDX) shares are trading higher after Jefferies upgraded shares to Buy from Hold and raised the price target on the stock to $5 from $1. Analyst Chris Howerton thinks Ardelyx "stands out" given that the Company has an approved IBS-C product, Isbrela, that will launch in April and whose commercial…

Jefferies analyst Jonathan Matuszewski lowered the price target on Wayfair Inc (NYSE:W) to $149 from $247, implying a 1% upside, and kept a Hold rating on the shares. The move comes after Matuszewski's web traffic review that led him to cut his Q4 sales forecast by about 3%. The analyst now sees an EBITDA loss…

 

Take-Two Interactive Software Inc's (NASDAQ:TTWO) Rockstar Games said a new game in the Grand Theft Auto series is developing. The studio also announced the release of Grand Theft Auto V on the newest consoles, the PlayStation 5 and Xbox Series X, for March 15. Analyst Ratings: Jefferies analyst Andrew Uerkwitz reiterated a Buy rating and $231 price…

Jefferies analyst Jonathan Petersen initiated coverage of Marathon Digital Holdings Inc (NASDAQ: MARA) with a Buy rating and $51 price target, suggesting an upside of 139%.

Marathon Digital Holdings Inc (NASDAQ: MARA) shares are trading higher by 8.3% at $21.43 Friday morning after Jefferies initiated coverage on the stock with a Buy rating and announced a $51 price target.

Jefferies analyst David Kelley initiated coverages on Ambarella Inc (NASDAQ: AMBA) and Luminar Technologies Inc (NASDAQ: LAZR) with a sharp stock upside.

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