Market Overview

UPDATE: Jefferies Initiates Harbinger Group at Buy on Discounted Valuation

Related HRG
Top 4 Stocks In The Conglomerates Industry With The Highest Revenue
Will Central Garden Accept Harbinger's Acquisition Offer? - Analyst Blog
Harbinger Offers $750M in Cash for Central Garden & Pet (Fox Business)

Jefferies initiated coverage on Harbinger Group Inc (NYSE: HRG) with a Buy rating and a $9.50 price target.

Jefferies commented, "HRG is a diversified holding company trading at a discount to its current NAV. HRG's core segments of consumer, insurance and energy all represent stable cash flow generative segments with leverage to an improving economy. Jefferies acted as a Lead Bookrunner in the company's recent secondary offering."

Harbinger Group closed at $7.75 on Tuesday.

Posted-In: JefferiesAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

Related Articles (HRG)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters