01:00 PM EDT, 09/30/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We hold our 12-month target price at $76 on a P/E of 17.5x our FY 26 (Nov.) EPS view, in line with peers. We increase our FY 25 EPS estimate to $2.93 from $2.47 and FY 26's to $4.35 from $4.23 on respective revenue projections of $7.28B (+4%) and $8.16B (+12%). Our call for improved investment banking conditions in 2H 2025 seems to be unfolding as expected, with JEF delivering record Advisory revenues of $656M and 13.6% ROE that validate our thesis on operational leverage during market recovery. Management citing an abundance of client discussions around capital formation and strategic opportunities supports our view that reduced policy uncertainty would drive deal activity. JEF's diversified platform delivered across our expected strength areas: Advisory (+11% Y/Y in Aug-Q), Equities (+26%), and Asset Management (+200%). We maintain our positive outlook as management's emphasis on continued market share gains and strong current backlog aligns with our expectation for sustained momentum into 2026.