Tigress Financial Adjusts Price Target on Boeing to $290 From $275, Maintains Buy Rating Tigress Financial has revised its price target for Boeing, raising it from $275 to $290 while retaining its Buy rating. This adjustment comes amid ongoing market activity and evolving analyst perspectives on the aerospace and defense company. The move reflects renewed confidence in Boeing’s long-term prospects, despite recent challenges in its operations and competition from emerging players in the industry. Other analysts have also expressed positive sentiment toward Boeing. Jefferies recently assigned a Buy rating to the company, citing potential recovery in its commercial aviation segment and improved performance in defense contracts. Meanwhile, Wolfe Research lowered its price target to $250 from $275 but maintained an Outperform rating, indicating a cautious optimism about Boeing’s ability to navigate current market conditions. Boeing’s business model spans multiple sectors, with a significant portion of its revenue derived from defense, space, and security operations. These divisions include military aircraft, satellite technology, and logistics services, which collectively account for 46.3% of its net sales. The company also generates substantial revenue from commercial aviation, which contributes 30.4% of its total sales, alongside services such as maintenance, engineering, and aircraft financing. Geographically, Boeing’s operations are distributed across key markets, with the United States accounting for 53.8% of its sales. Asia and Europe follow, contributing 18.4% and 12.8%, respectively. The company’s global reach extends to the Middle East, Canada, and other regions, underscoring its diversified revenue streams.#boeing #wolfe_research #jefferies #space_x #tigress_financial
India's Cheap Weight-Loss Drugs Could Reshape Global Obesity Fight India could soon get a lot thinner—at least in theory. On Friday, the patent on semaglutide, the molecule behind Danish drugmaker Novo Nordisk's blockbuster weight-loss drugs Wegovy and Ozempic, expires in the country. This will allow domestic pharmaceutical companies to release cheaper copies or generics, triggering a rush of competition that could slash prices by more than half and rapidly expand access for people in India, and eventually in other countries too. Investment bank Jefferies has called it a potential "magic-pill moment" for India, predicting the semaglutide market could eventually reach $1bn domestically with the right pricing and uptake. Analysts expect around 50 branded semaglutide generics to enter the market within months—a familiar pattern in India's fiercely competitive pharmaceutical industry. When the diabetes drug sitagliptin went off patent in 2022, about 30 branded versions appeared within a month and nearly 100 within a year. India's pharmaceutical industry, currently worth about $60bn, is expected to double by 2030. Much of it is built on generics—a manufacturing muscle that now sets the stage for fierce competition over semaglutide. What has until now been an expensive injection largely confined to affluent patients could soon become far more common. Originally developed to treat diabetes, these drugs are now being hailed as game changers for weight loss, offering results that few previous treatments could match. Semaglutide belongs to a class of medicines known as GLP-1 receptor agonists, which mimic a hormone that regulates appetite and blood sugar. By boosting insulin release and slowing the emptying of the stomach, the drugs make people feel full sooner and stay full longer.#india #novonordisk #semaglutide #jefferies #cipla
Bandhan Bank Promoter Plans Stake Sale Amid RBI Rule, Investor Exit Needs Bandhan Bank's promoter, Bandhan Financial Services, is reportedly hiring Jefferies to explore a stake sale or initial public offering (IPO), aiming to provide exits for long-term investors like the International Finance Corporation (IFC) and GIC Ventures. This move is also intended to comply with a regulatory requirement mandating a reduction of promoter stake to 26% by 2030. The announcement triggered a sharp decline in the bank's stock price, despite recent gains. Concerns over its high valuation, declining current account savings (CASA) ratio, and challenges in management succession have complicated its path forward. The stock price plummeted to its lower circuit limit on Monday following reports that Bandhan Financial Services, which currently holds about 39.74% of Bandhan Bank, is considering significant stake sales or an IPO. These actions are driven by two primary goals: facilitating exits for long-term investors and adhering to the Reserve Bank of India's (RBI) directive to reduce promoter ownership. Global investment bank Jefferies has been engaged to assess investor interest, signaling a serious intent to pursue these options. Any large-scale stake sale or IPO could significantly alter the bank's ownership structure and valuation. Despite a roughly 30% rise in the bank's stock price over the past year, investor concerns about potential dilution and the immediate impact of restructuring have led to the steep decline. Bandhan Bank's net profit for the third quarter of fiscal year 2026 fell 51.79% year-on-year to ₹205.59 crore, though it showed an 83.78% sequential recovery. This mixed financial performance, combined with a declining CASA ratio of 27.#reserve_bank_of_india #jefferies #international_finance_corporation #bandhan_bank #bandhan_financial_services
Bandhan Bank stock falls 10% to hit lower circuit, as promoter explores stake sale, IPO to facilitate investor exits Bandhan Bank’s shares experienced a sharp decline, dropping 10% to reach the lower circuit on March 16, 2026. The stock’s fall was attributed to the promoter’s exploration of options to sell a stake in the company or launch an initial public offering (IPO), which aims to provide an exit route for long-term institutional investors such as the International Finance Corporation (IFC) and the Government of India’s General Insurance Corporation (GIC). The move is also intended to address regulatory requirements related to promoter shareholding in the bank. The promoter’s potential stake sale or IPO plan has raised concerns among investors, leading to the stock’s significant drop. Earlier in the day, Bandhan Bank shares had already fallen 7% following news of the promoter’s consideration of a stake sale. Analysts noted that the decision to explore these options reflects the promoter’s strategy to align with regulatory norms while offering liquidity to long-term investors. Jefferies, a financial services firm, was reportedly hired to evaluate the options for the promoter, including the possibility of an IPO. The bank’s board has also discussed restructuring measures as part of the broader plan to navigate regulatory challenges and enhance shareholder value. The promoter’s actions are seen as a response to evolving regulatory frameworks, which require banks to reduce promoter ownership to a certain threshold. The stock’s sharp decline highlights the market’s sensitivity to changes in corporate strategy and regulatory compliance.#jefferies #bandhan_bank #promoter #international_finance_corporation #government_of_india
Dixon Technologies: Why Jefferies Foresees 31% Global Smartphone Slump Impacting This EMS Stock Dixon Technologies, an electronics manufacturing services (EMS) company, faces potential challenges as global smartphone demand declines, according to a recent analysis by Jefferies. The brokerage firm maintained a ‘Hold’ rating on the stock, setting a price target of Rs 11,350, which represents a 13% upside from current levels. However, Jefferies highlighted risks tied to slowing smartphone sales, rising component costs, and shifting industry policies that could pressure near-term growth. Jefferies warned that global smartphone shipments could drop 31% year-on-year in 2026, driven by weakening demand and surging memory costs, particularly for DRAM used in smartphones. Higher component prices may reduce affordability in the low- and mid-range segments, potentially dampening order volumes for contract manufacturers like Dixon. The firm noted that Dixon’s mobile and EMS business, which accounts for about 90% of total revenue, is heavily exposed to smartphone market trends. Despite the near-term risks, Jefferies acknowledged Dixon’s long-term growth potential. The company produced around 30 million smartphone units in fiscal year 2025, with expectations of stable volumes in 2026 before rebounding with new client ramp-ups. Over time, Dixon’s share of India’s outsourced smartphone manufacturing market could rise from 30% in FY25 to 50% by FY27, according to the report. However, regulatory and policy shifts are complicating the outlook. The expiration of India’s production-linked incentive (PLI) scheme for mobile manufacturing is a key concern. While budget allocations for the scheme have been reduced for FY27, support for electronic component manufacturing has increased.#electronics_manufacturing #dixon_technologies #jefferies #smartphone_sales #india_pli_scheme
Coal India shares gain as Jefferies turns bullish, JM Financial maintains cautious view Shares of Coal India rose 2 per cent in early trade on Wednesday, driven by renewed buying interest and positive commentary from brokerage firms. The stock traded at ₹448.05 on the NSE at 11.24 am, having climbed to an intraday high of ₹451.80 compared with the previous close of ₹443.55. The stock had previously reached its 52-week high of ₹461.55 on January 29, 2026. Global brokerage Jefferies maintained a buy rating on Coal India and raised its target price to ₹485 from ₹450, citing improving earnings visibility and favorable demand conditions. The firm noted that after a 21 per cent earnings per share decline over FY24–26E, the company’s earnings trajectory is expected to improve with a 9 per cent compound annual growth rate over FY26–28. Jefferies highlighted a recovery in power demand, driven by expectations of an intense summer and weak rainfall, which is likely to support higher coal volumes. It also pointed to firm global coal prices potentially improving e-auction realisations for the company. Despite a steady rise in captive coal production, Coal India has retained its dominant 60 per cent share in India’s overall coal demand. The company’s long-term demand outlook remains intact, with plans for annual growth of about 5 per cent over the medium term. Domestic brokerage JM Financial, however, maintained a more cautious stance after meeting the company’s management. The firm noted that both fuel supply agreement prices and e-auction prices have stabilised after recent surges and are expected to remain steady, barring temporary spikes due to supply-side constraints. Early trials aimed at replacing imported coal, which accounts for an annual requirement of 40–45 million tonnes, with domestic supplies have shown encouraging results.#nse #jefferies #coal_india #jm_financial #coal_demand
Jefferies raises Coal India target price, says valuation reasonable The brokerage firm Jefferies has increased its target price for Coal India, citing a reasonable valuation and improved earnings outlook. The firm raised its FY26–28 earnings estimates by 1–4%, driven by higher e-auction premiums and a modest recovery in dispatch volumes. Jefferies noted that Coal India’s earnings trajectory is expected to improve, with a projected 9% compound annual growth rate (CAGR) over the next three fiscal years, following a 21% decline in earnings per share (EPS) over FY24–26E. The analysis highlights a potential revival in profitability as power demand and realisations recover. Jefferies models dispatch volumes to grow at a 5% CAGR over FY26–28, with total dispatches rising from 735 million tonnes in FY26E to 810 million tonnes in FY28E. The firm expects Coal India to benefit from a rebound in electricity consumption, supported by forecasts of intense summer conditions and a higher probability of weak monsoons. It noted that subdued power demand had previously constrained dispatches, with volumes rising just 1% year-on-year in FY25 and declining 3% in 11MFY26. However, Jefferies believes this trend should reverse as structural demand for power strengthens. On pricing, the firm highlighted higher international coal prices as a near-term positive for domestic e-auction realisations. Global thermal coal benchmarks have risen about 16% over the past week, and Jefferies is incorporating an e-auction premium of 63–69% over linkage coal for 4QFY26–FY28, compared to a long-term average of 76%. The report noted that e-auction volumes account for approximately 10% of Coal India’s total dispatches.#jefferies #coal_india #nntp #e_auction #fy26
Zurich Insurance to acquire UK's Beazley for $11 billion Zurich Insurance Group Ltd announced on Monday that it has reached an agreement to acquire Beazley, a British insurer, for 8.1 billion pounds ($10.8 billion). The deal marks Zurich’s strategic move to strengthen its presence in the specialty insurance sector, which includes areas such as cyber, marine, aviation, space, and fine art. The acquisition is expected to create the world’s leading specialty underwriter, combining Zurich’s resources with Beazley’s expertise to generate approximately $15 billion in pro forma gross written premiums. Analysts suggest the takeover could set a precedent for further consolidation in the specialty insurance market, where competition is intensifying. Jefferies, a brokerage firm, noted that the transaction might signal that Beazley’s loss exposures and those of the broader specialty insurance sector remain manageable. Zurich’s CEO, Mario Greco, emphasized that the merger would enhance Zurich’s underwriting capabilities and global distribution networks, positioning the company as a dominant player in the field. Beazley had previously rejected several takeover offers, but in February, it indicated it would recommend Zurich’s sweetened 8 billion pound ($11 billion) bid if a firm offer was made before a March 4 regulatory deadline. Shareholders will receive 1,335 pence per share, with 1,310 pence in cash and a 25 pence dividend. Despite the offer, Beazley’s shares closed 1.8% higher than the previous day but remained below the proposed price. Zurich’s shares, meanwhile, fell 1.2% following the announcement. Zurich plans to fund the acquisition through a mix of existing cash reserves, capital raising, and bridge loan facilities.#jefferies #beazley #mario_greco #zurich_insurance #specialty_insurance
