UPDATE: Jefferies Starts StoneX Group Inc. (SNEX) at Buy

(updated to add analyst comments)

Jefferies analyst Daniel Fannon initiates coverage on StoneX Group Inc. (NASDAQ: SNEX) with a Buy rating and a price target of $70.00.

The analyst commented, "We initiate coverage of StoneX with a Buy rating and a 12-month price target of$70. SNEX's diversified business mix and global footprint have consistently generated positive earnings growth and an ROE exceeding 15%. In addition to being levered to higher volatility and trading levels, the company's commercial customer base provides a more consistent level of activity over time."

For an analyst ratings summary and ratings history on StoneX Group Inc. click here. For more ratings news on StoneX Group Inc. click here.

Shares of StoneX Group Inc. closed at $60.54 yesterday.

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