Jefferies (NYSE:JEF) Poised for Market Share Gains, Growth

After a solid last quarter, Jefferies Group appears to have put themselves in a strong position to gain market share and to grow going into 2011.

FBR said, "Following this quarter's better-than-expected results, we reiterate our view that Jefferies remains well positioned for growth and market share gains as investments in personnel come to fruition and the economic environment improves. However, valuation remains uncompelling. On a normalized basis, our 2011 estimate of $1.50 represents 14% earnings growth from this past year's 11-month run-rate, compared to the peer group."

FBR Capital maintains a "Market Perform" rating on Jefferies Group, which closed Tuesday at $26.67, up $0.43, or 1.64 percent. FBR has a price target on them of $25.