The Latest Breaking News from Jefferies

Gainers Kiromic BioPharma, Inc. (NASDAQ: KRBP) gained 70% to $0.4900 after the company entered a sponsored research agreement under which in vivo preclinical data will be generated from Kiromic's Gamma Delta T cell allogeneic therapies.

Indexes opened lower on a new warning in the retail sector but losses evaporated about an hour into the session.

Microsoft Corp (NASDAQ: MSFT) was featured as the call of the day Monday on CNBC's "Fast Money Halftime Report."

Jefferies has decided to maintain its Hold rating of Ceridian HCM Holding (NYSE:CDAY) and lower its price target from $65.00 to $56.00. Shares of Ceridian HCM Holding are trading up 0.57% over the last 24 hours, at $56.92 per share.

Gainers Veru Inc. (NASDAQ: VERU) shares jumped 62.5% to $14.67 after the company reported quarterly results on Thursday. Jefferies maintained Veru with a Buy and raised the price target from $33 to $55.

Jefferies downgraded Vodafone Group Plc (NASDAQ:VOD) for the first time in two years, citing the telecom group's vulnerability in tackling rising inflation and headwinds in Germany, Reuters notes. Analyst Jerry Dellis noted that Vodafone is facing intense competition in several key markets amid rising costs. He downgraded the company to Hold from Buy. Also Read: Vodafone…

Upgrades

Jefferies Financial Group Inc (NYSE:JEF) disclosed that CEO Rich Handler's Meta Platforms Inc (NASDAQ:FB) Instagram account was hacked. "Any stories related to discounted sales of shares, crypto donations or donations to Ukraine ... that appear on that hacked Instagram account are categorically false," Jefferies said. Jefferies worked with Instagram-owner Meta to get back control…

Jefferies downgraded its rating of Herbalife Nutrition (NYSE:HLF) to Hold with a price target of $26.00, changing its price target from $60.00 to $26.00. Shares of Herbalife Nutrition are trading down 8.74% over the last 24 hours, at $25.16 per share.