
Shares of financial services firm StoneX Group SNEX.O jump 7% to $89.92 in afternoon trading
StoneX on late Monday posted record Q4 profit, driven by strong contributions in equities trading, prime brokerage and fixed income
Meanwhile, Jefferies cuts StoneX PT to $99 from $116 as it sees lower trading volumes ahead and interest rate cuts that could pressure earnings
Brokerage also sees integration risks from recent acquisitions
Earlier this year, StoneX completed acquisition of futures brokerage R.J. O’Brien and investment banking firm Benchmark
The two analysts covering the stock rate it "strong buy"; median PT $99, per data compiled by LSEG
Up to last close, SNEX stock has risen 28.6% YTD