The Latest Breaking News from Jefferies

Beijing (AFP) - Chinese homebuyers in dozens of cities have stopped making mortgage payments for unfinished projects, according to data from industry groups, worsening fears of financial contagion in the country's troubled real estate sector.

Upgrades

Upgrades

Jefferies has decided to maintain its Hold rating of Douglas Emmett (NYSE:DEI) and lower its price target from $31.00 to $24.00. Shares of Douglas Emmett are trading down 1.04% over the last 24 hours, at $22.32 per share. A move to $24.00 would account for a 7.5% increase from the…

Upgrades

Upgrades

Xenon Pharmaceuticals Inc (NASDAQ:XENE) announced an underwritten public offering of its common shares. Underwriters of the offering will be granted an option for a period of 30 days to purchase an additional 15% of common shares at the public offering price. Jefferies, J.P. Morgan, SVB Securities, and Stifel are acting as joint…

EV makers Li Auto and NIO released new smart SUVs and FedEx gets its first EV delivery from GM.

Someone with a lot of money to spend has taken a bearish stance on Microsoft (NASDAQ:MSFT). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Jefferies has decided to maintain its Buy rating of Outbrain (NASDAQ:OB) and lower its price target from $9.00 to $8.00. Shares of Outbrain are trading down 14.48% over the last 24 hours, at $4.75 per share. A move to $8.00 would account for a 68.24% increase from the current share…

Upgrades