Benchmark lowered the firm’s price target on Janus International Group to $21 from $22 and keeps a Buy rating on the shares after the company released weaker-than-expected Q4 results earlier this week. The firm has lowered its FY24 and FY25 EPS targets by 5c each, but is reiterating a Buy rating as its longer-term thesis on self-storage and the company at large remain intact.
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Read More on JBI:
- 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
- Janus International Adopts Modernized Governance Bylaws
- Clearlake sold its remaining shares of Janus International Group
