Morgan Stanley assumed coverage of Janus Henderson with an Equal Weight rating and A$40 price target. The analyst taking over coverage sees “a noteworthy turnaround story developing” with costs under control, flows better than feared, and new leadership and key hires over the past 18 months, but flows and EPS improvement will take time in the face of secular pressures.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on JHG:
- Nelson Peltz’s Trian buys Allstate, boosts Disney in Q3
- Janus Henderson upgraded to Market Perform from Underperform at Keefe Bruyette
- Janus Henderson announces $150M share repurchase program
- Janus Henderson reports Q3 adjusted EPS 64c, consensus 53c
- Janus Henderson price target lowered to $25 from $27 at Deutsche Bank
