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Fly News Breaks for January 25, 2017
JNS
Jan 25, 2017 | 08:53 EDT
Morgan Stanley analyst Michael Cyprys lowered Janus Capital estimates following worse than expected Q4 earnings results and views risk/reward as less attractive given Janus' premium valuation and deteriorating investment performance. Cyprys expects concerns around performance and flows to weigh on shares near-term and reiterated his Underweight rating and lowered his price target to $13 from $14 on Janus shares.
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