Jefferies and Goldman Sachs see price target hikes

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Reviewed by
Radhika SScanX News Team
Key Highlights

Oppenheimer raised Jefferies Financial's price target to $87 with an Outperform rating, while JP Morgan increased Goldman Sachs' target to $900 with a Neutral rating. Kinder Morgan reported Q1 earnings of 48 cents per share and sales of $4.828 billion, both beating estimates. Shares of all three companies saw gains in the recent session.

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Analysts have raised price targets for Jefferies Financial Group and The Goldman Sachs Group following recent market activity. Oppenheimer analyst Chris Kotowski maintained Jefferies Financial with an Outperform rating and increased the price target from $72 to $87. JP Morgan analyst Kian Abouhossein maintained Goldman Sachs with a Neutral rating, raising the price target from $826 to $900.

Analyst Ratings and Price Targets

The revisions come as investors evaluate the financial sector's performance. The following table summarizes the recent analyst actions:

Company Analyst Rating Previous Target New Target
Jefferies Financial Group Oppenheimer Outperform $72 $87
The Goldman Sachs Group JP Morgan Neutral $826 $900

Kinder Morgan Earnings Beat

Kinder Morgan reported first-quarter earnings on April 22 that surpassed analyst consensus estimates. The company posted earnings of 48 cents per share, beating the estimate of 40 cents per share. Quarterly sales reached $4.828 billion, exceeding the expected $4.598 billion.

Market Performance

Following these developments, shares of the mentioned companies showed positive movement. Jefferies Financial shares gained 3.4% to close at $61.66, while Goldman Sachs shares rose 2.6% to settle at $1,062.75. Kinder Morgan shares climbed 1.9% to close at $31.94.

Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

What specific market conditions are driving analysts to raise price targets for Jefferies and Goldman Sachs?

How might the revised price targets influence investor sentiment toward the broader financial sector?

Will Kinder Morgan's earnings beat lead to increased analyst coverage or upgraded ratings for the energy sector?

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Jefferies Financial Group faces US securities law probe

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Reviewed by
Anirudha BScanX News Team
Key Highlights

Robbins Geller Rudman & Dowd LLP is investigating Jefferies Financial Group Inc. for potential federal securities law violations. The probe centers on alleged false statements and failures to disclose material information linked to the bankruptcy of First Brands Group. Jefferies' Point Bonita Capital division is reportedly owed $715 million related to the collapse.

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Robbins Geller Rudman & Dowd LLP has launched an investigation into potential violations of U.S. federal securities laws by Jefferies Financial Group Inc. The law firm is examining whether Jefferies and certain of its top executives made false or misleading statements or failed to disclose material information to investors. The investigation arises from recent media reports regarding Jefferies' connections to the collapsed auto parts supplier First Brands Group.

Background of the investigation

The scrutiny follows a series of reports detailing the financial collapse of First Brands Group. On September 29, 2025, The Wall Street Journal reported that First Brands had filed for bankruptcy amid accounting questions. The article noted that the company's lenders and independent board directors were probing potential misrepresentations in financial reporting, specifically regarding accounts-receivable-backed financing.

Exposure and federal inquiry

Subsequent reports highlighted Jefferies' financial exposure to the bankrupt entity. On October 8, 2025, The Wall Street Journal stated that funds run by Point Bonita Capital, a division of Jefferies' Leucadia Asset Management umbrella, are owed around $715 million from companies that purchased First Brands' parts. The following day, Reuters disclosed that the U.S. Department of Justice had launched an inquiry into the collapse of First Brands Group and its dealings with creditors.

Allegations of undisclosed debt

Further allegations surfaced on October 12, 2025, when The Wall Street Journal reported that First Brands' former CEO was working with Jefferies to refinance nearly $6 billion in corporate loans. The report alleged that the pitch to prospective lenders did not mention billions of dollars in off-balance-sheet debt.

Key figures and contacts

Entity Role/Description
Jefferies Financial Group Inc. Global full-service investment banking and capital markets firm
Robbins Geller Rudman & Dowd LLP Law firm conducting the investigation
Point Bonita Capital Division of Leucadia Asset Management at Jefferies
First Brands Group Bankrupt auto parts supplier

Investors with information or those who suffered losses are encouraged to contact attorneys Ken Dolitsky or Michael Albert of Robbins Geller by calling 800/851-7783 or via email at info@rgrdlaw.com .

Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

How will the ongoing DOJ inquiry into First Brands Group influence the scope and timeline of the Robbins Geller investigation?

What potential financial liabilities or write-downs might Jefferies face regarding the $715 million exposure through Point Bonita Capital?

Could the allegations of undisclosed off-balance-sheet debt lead to broader regulatory scrutiny of Jefferies' due diligence practices?

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