Keefe Bruyette upgraded Janus Henderson to Market Perform from Underperform with an unchanged price target of $26. The company’s “solid” Q3 result, better expense guidance, and meaningful share buyback authorization “represents a confirmation that the transformation is on the right path,” the analyst tells investors in a research note. The firm views the stock’s risk/reward as more favorable now, saying estimates and valuation appear reasonable.
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Read More on JHG:
- 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
- Janus Henderson price target lowered to $26 from $28 at Jefferies
- Janus Henderson price target lowered to $29 from $33 at BofA
