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UPDATE: Keefe, Bruyette & Woods Reiterates On Janus Capital Group Inc As Bill Gross Joins The Firm

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In a report published Monday, Keefe, Bruyette & Woods analyst Robert Lee reiterated a Market Perform rating on Janus Capital Group Inc (NYSE: JNS), but lowered the price target from $17.00 to $13.00.

In the report, Keefe, Bruyette & Woods noted, “In what can only be described as a shock, on Friday, JNS announced that PIMCO fixed income investing icon Bill Gross will be joining the firm on 9/29, and, effective 10/6, will begin managing the Janus Global Unconstrained Bond Fund from a new Newport Beach office. The company indicated that Gross is receiving no special compensation package or upfront payment.”

Janus Capital Group Inc closed on Friday at $15.89.

Latest Ratings for JNS

DateFirmActionFromTo
Oct 2016MaintainsMarket Perform
Oct 2016MaintainsNeutral
Oct 2016DowngradesBuyHold

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Posted-In: Bruyette & Woods Keefe Robert LeeAnalyst Color Price Target Analyst Ratings

 

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