Meredith Whitney Cuts Jefferies (JEF) to Hold

Meredith Whitney Advisory Group downgraded shares of Jefferies Group (NYSE: JEF) in an intraday research note Wednesday. The firm now rates the stock a Hold, down from Outperform previously. The firm's price target was raised from $15 to $15.50.

Shares of Jefferies are down 5.6 percent to $13.70 at last check. The company reported Q4 results Tuesday morning.

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

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