Bond yields have risen sharply in recent months, putting pressure on the equities market. Investment bank Jefferies published Monday a list of its strongest small and mid-cap stock ideas, with Citizens Financial Group, Okta and McCormick & Company at the top. Strategist Steven DeSanctis noted that higher-for-longer rates have been favorable for small caps, value and cyclicals, with balance sheets in better shape today than in the past. The three recommended stocks offer upside potential ranging from 14% to 28% based on Jefferies’ price targets, with buy ratings on each of them.
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