Jefferies Financial Group (JEF) stock is surging after receiving an upgrade to "outperform" at Oppenheimer, with shares up 6.8% to $52.12.
The firm praised Jefferies' investor day presentation, despite a double-digit drop following the event. JEF has struggled this year, down 33.7% in 2025, but yesterday's pullback was captured by long-term support at the $48 region.
Currently, three of five analysts carry a "hold" recommendation, leaving room for more upgrades. The 10-day put/call volume ratio of 1 indicates puts have been more popular than usual over the last two weeks.
Bank stocks have been making headlines, looking to bounce back after a steep pullback triggered by bad loans.
Author's summary: JEF stock surges after Oppenheimer upgrade.