The Latest Breaking News from Jefferies

SoftBank Group Corp (OTC: SFTBY) (OTC: SFTBF) sold 20 million Alibaba Group Holding Ltd (NYSE: BABA) shares in the last quarter and "

Jefferies analyst Jonathan Matuszewski lowered the price target on Wayfair Inc (NYSE:W) to $149 from $247, implying a 1% upside, and kept a Hold rating on the shares. The move comes after Matuszewski's web traffic review that led him to cut his Q4 sales forecast by about 3%. The analyst now sees an EBITDA loss…

Jefferies analyst David Kelley initiated coverages on Ambarella Inc (NASDAQ: AMBA) and Luminar Technologies Inc (NASDAQ: LAZR) with a sharp stock upside.

Upgrades

Upgrades

Netflix Inc (NASDAQ: NFLX) is trading lower Monday following bearish analyst coverage from Jefferies.  Jefferies analyst Andrew Uerkwitz downgraded Netflix from a Buy rating to a Hold rating and lowered the price target from $737 to $415.

Jefferies analyst Andrew Uerkwitz downgraded Netflix Inc (NASDAQ:NFLX) to Hold from Buy with a price target of $415, down from $737, suggesting an 11% upside. Uerkwitz sees a path to a Buy rating. However, he "lacks the conviction" given too much uncertainty in the near term.  Related Content: Netflix Stock Plummets 20%: A Technical Analysis Current…

Ford Motor Company (NYSE: F) shares have had a nice run-up since hitting a double-bottom in early September. Wary of the pricier valuation, an analyst at Jefferies chose to move to the sidelines.

Ford Motor Company (NYSE: F) shares are trading lower after Jefferies downgraded the stock from Buy to Hold and announced a $25 price target. Over the past 5 trading sessions, Ford's stock has dropped approximately 10% from the $24 level to the $21 level.