Morgan Stanley announced it has downgraded Jefferies Financial Group's stock rating from "Overweight" to "Equal Weight," and significantly cut its target price from $78 to $49.

老虎证券2026/03/09 10:13

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This rating adjustment reflects the institution's prudent assessment of Jefferies' future performance prospects. The significant downward revision of the target price indicates that Morgan Stanley has made a notable change in its valuation expectations for Jefferies, possibly due to a reassessment of the market environment, company fundamentals, or industry competitive landscape. The downgrade to "Hold" suggests that the institution believes Jefferies' stock will perform in line with the market average in the future and advises investors to remain cautious.

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According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.

华尔街见闻•2026/09/26 11:36