Jackson Financial Rallies After Jefferies Restores Buy Rating, Raises Target
Jackson Financial shares jumped in premarket trading after Jefferies upgraded the stock to Buy from Hold and lifted its price target to $140 from $120. The upgrade follows reassessment by Jefferies analyst Suneet Kamath, who highlighted a strong S&P 500 run, a $500 million investment linked to Brooke Re's capital structure, and sustained annuity sa…