Jefferies

According to a research report from Jefferies this morning, April and May volume and transaction metrics for Visa (NYSE: V) show steady growth. Jefferies explained, “V had said on the 5/2 earnings call that thru 4/28, US credit volume growth was +11%. Today's 8-K indicated the full month of April...

Jefferies reiterates its Buy rating on Yandex (NASDAQ: YNDX) and cuts its price target from $40 to $35 per share. Jefferies comments, "The Long Run - we continue to favour exposure to search, Russia and competitive success, we like Yandex. The Short Run - Yandex looks more stressed, the stock...

Jefferies reiterates its Hold rating on Talbots (NYSE: TLB) and reduces its price target from $2 to $1.50. Jefferies says, "Business remains weak as 1Q topline decelerated and margins improved only modestly despite very easy compares. Additionally, TLB is under several uncertainties including...

Jefferies reiterates its Buy rating on Navistar International (NYSE: NAV) and reduces its price target from $70 to $45. Jefferies comments, "NAV will report F2Q EPS the week of June 4. We expect another soft quarter given recent market share weakness and also believe that guidance will be cut by...

Jefferies reduces its price target on Research in Motion (NASDAQ: RIMM) from $12 to $10 while reiterating its Underperform rating on shares. Jefferies notes, "RIM pre-announced a non-GAAP operating loss in FQ1 (May) due to lower handset volumes and ASPs. Our checks indicate FQ2 (Aug) could be...

Jefferies reiterates its Hold rating on Leap Wireless International (NASDAQ: LEAP) and reduces its price target from $10 to $6. Jefferies comments, "As the post-paid market slows, we believe the Big-Four carriers are increasingly focusing on the pre-paid market to drive growth. Additionally, ARPU...

Jefferies reiterates its Buy rating on Flowserve Corporation (NYSE: FLS) but reduces its price target from $135 to $133. Jefferies notes, "We hosted investor meetings with the CFO. End-market activity is improving. Combined with new operating strategies, we expect continued sales momentum and...

Jefferies raises its price target on Patterson companies (NASDAQ: PDCO) from $31 to $34 and reiterates a Hold rating on shares. Jefferies says, "PDCO's fiscal-4Q12 (Apr) EPS of $0.58 was $0.02 above consensus as stronger revenue growth & a lower tax rate more than offset a weaker than...

Jefferies reduces its price target on HJ Heinz Company (NYSE: HNZ) from $60 to $56 and reiterates a Hold rating on shares. Jefferies comments, "We are downgrading HNZ to Hold and are lowering out PT to $56. While the international businesses seem to do well, the North American Consumer Products...

According to a research report published this morning, Jefferies has downgraded H.J. Heinz Company (NYSE: HNZ) from Buy to Hold, and lowered PT from $60 to $56. In the report, Jefferies commented, "While the international businesses seem to do well, the North American Consumer Products division...