Morgan Stanley raised the firm’s price target on Janus Henderson (JHG) to $42 from $39 and keeps an Equal Weight rating on the shares. Strong financial market performance in Q3 lifts average assets under management, or AUM, levels and boosts the firm’s EPS estimates by 3%-4% across Q3, 2025-26, the analyst tells investors in a preview for the asset manager group. Investor re-risking gained momentum in Q3 at the industry level, particularly in fixed income, and the firm looks for improving flows into 2025 across the traditional managers, the analyst added.
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