UPDATE: Jefferies Reiterates Hold Rating, Raises PT on Globe Specialty Metals Following F2Q13 Results

In a report published Monday, Jefferies reiterated its Hold rating on Globe Specialty Metals

, and raised its price target from $13.75 to $15.00. Jefferies noted, “We maintain our HOLD rating following F2Q13 results, seeing insufficient upside potential to warrant recommending the shares on what we believe to be reasonable bull case silicon pricing and earnings assumptions for CY13-14.” Globe Specialty Metals closed on Friday at $15.40.