Jefferies analyst Philip Ng initiated coverage of Janus with a Buy rating and $20 price target. The company is “under the radar,” with the stock undervalued for a quality small-cap growth name, the analyst tells investors in a research note. The firm says storage occupancy rates are now above mid-cycle, which is driving demand for new capacity. It sees Janus outpacing the market as Noke becomes more standard.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JBI:
- Janus International Awards CFO $5M Retention Incentive
- Janus International Group price target lowered to $21 from $22 at Benchmark
- Janus International Announces $100M Stock Buyback Plan
- Janus International Group Sees FY24 revenue $1.092B-$1.125B, consensus $1.13B
- Janus International Group reports Q4 adjusted EPS 24c, consensus 26c