Pitney Bowes (NYSE:PBI) reported quarterly sales of $831.00 million which missed the analyst consensus estimate of $863.19 million by 3.73 percent. This is a 5.08 percent decrease over sales of $875.45 million the same
Keefe, Bruyette & Woods analyst Michael Brown downgrades Jefferies Financial Group (NYSE:JEF) from Outperform to Market Perform and announces $46 price target.
Midway through trading Thursday, the Dow traded up 1.04% to 35,392.40 while the NASDAQ rose 1.59% to 14,568.72. The S&P also rose, gaining, 1.20% to 4,587.08.