Fly News Breaks for March 12, 2019
JHG
Mar 12, 2019 | 07:14 EDT
JPMorgan analyst Kenneth Worthington upgraded Janus Henderson Group to Overweight from Neutral and raised his price target for the shares to $29 from $25. While the analyst continues to see challenges to the asset management sector, he believes "some improvements" in performance are "particularly impactful" to Janus earnings due to its "bigger-than-peer" performance fee revenue. Janus sales have improved on better market conditions and improved performance, which will help earnings growth and the stocks' valuation, Worthington tells investors in a research note. As such, he sees the stock's positioning as attractive.
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