Janus International Group initiated with an Outperform at Wolfe Research

Wolfe Research analyst Brad Hewitt initiated coverage of Janus International Group with an Outperform rating and $14 price target. The analyst sees the company as a market leader in the “attractive” self-storage industry with potential upside from capital deployment. The firm sees potential scope for Janus to see “several turns of multiple expansion if the company continues to execute.”