Jefferies (JEF) Shares Jump as Dick Bove Upgrades to Buy

Shares of Jefferies (NYSE: JEF) have surged off Wednesday's session lows as we are hearing Rochdale's Dick Bove issued an intraday upgrade on the stock. Despite the 1.5 percent mid-day jump, shares of Jefferies are still down 2.4 percent as investors are responding to rumors on Tuesday the firm's Jason Griffith and David Silber will be stepping down from their positions.

Bove now rates Jefferies shares a Buy, up from a previous Neutral rating.

To track all the analyst calls on shares of Jefferies, visit our Analyst Ratings.

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