UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Janus Capital Group

In a report published Friday, Jefferies & Company reiterated its Hold rating on Janus Capital Group

, and slightly raised its price target from $8.00 to $9.00. Jefferies noted, “While Morningstar has yet to report JNS' September monthly flows, retail trends through July and August continue to suggest equity outflows show little sign of abating. In fact, equity outflows accelerated in July and August while the partial fixed income offset declined in August. The Perkins Midcap Value Fund recorded over $700M in outflows through the first two months of the quarter while the Venture Fund recorded over $300M in net inflows through August.” Janus Capital Group closed on Thursday at $9.36.