Oppenheimer is coming to Jefferies' (JEF) defense, blasting an Egan-Jones report claiming...

|By:, SA News Editor
Oppenheimer is coming to Jefferies' (JEF) defense, blasting an Egan-Jones report claiming Jefferies needs to raise significant capital to avoid junk status. Among other things, Oppenheimer calls Egan-Jones' revenue figures "flat out wrong by a country mile," and its estimates for Jefferies' asset base "grotesquely wrong."