Market Overview

UPDATE: Citigroup Reiterates Neutral Rating, Removes PT on Janus Capital Group

Related JNS
Janus Capital to Launch Two Small Cap ETFs
A Pair Trade In Asset Managers Worth Considering For Your Portfolio

In a report published Monday, Citigroup reiterated its Neutral rating on Janus Capital Group (NYSE: JNS), but removed its $7.00 price target.

Citigroup noted, “We expect a mixed 3Q12 update as: 1) the flow discussion is likely to remain difficult but perhaps easing given the recent performance of equity markets; and, 2) rolling three year performance trends still appear difficult, keeping pressure on performance fees. Separately, we believe management will provide further details into the strategic partnership with Dai-ichi. Per SEC filings through 9/28, Dai-ichi owns 7% or roughly half way to 15% to 20% purchase target.”

Janus Capital Group closed on Friday at $9.46.

Latest Ratings for JNS

Oct 2015JefferiesMaintainsBuy
Oct 2015JefferiesMaintainsBuy
Oct 2015JP MorganMaintainsOverweight

View More Analyst Ratings for JNS
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Reiteration Analyst Ratings


Related Articles (JNS)

View Comments and Join the Discussion!

Get Benzinga's Newsletters