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Jefferies Backs PSUS Stock
Jefferies analyst Matthew Hose brought PSUS under his radar, setting out with a Buy rating but a price target of $44, which implies about 7% upside. He noted that Pershing Square as a hedge fund has a “very strong” track record of performance and that the closed-end fund — which trades as a separate entity — will offer investors exposure to the investment company’s core strategy. He also pointed to:
Pershing Square Inc.s’ active engagement with the companies it invests in
The hedge fund’s approach to hedging its bets: capping losses during times of loss but amplifying gains when it is right.
