Jefferies Starts Janus Capital (JNS) at Buy
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Price: $14.17 --0%
Rating Summary:
1 Buy, 9 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 1 | Down: 4 | New: 14
Rating Summary:
1 Buy, 9 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 1 | Down: 4 | New: 14
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Jefferies initiates coverage on Janus Capital (NYSE: JNS) with a Buy and $8 price target.
The firm states, "Amongst our coverage universe, this is the most speculative name given its large retail equity exposure as well as recent investment under-performance. The stock is down approx. 49% YTD and we believe is currently receiving virtually no credit for the value of its subsidiaries, overall retail brand and steadily improving balance sheet."
For more ratings news on Janus Capital click here and for the rating history of Janus Capital click here.
Shares of Janus Capital closed at $6.59 yesterday.
The firm states, "Amongst our coverage universe, this is the most speculative name given its large retail equity exposure as well as recent investment under-performance. The stock is down approx. 49% YTD and we believe is currently receiving virtually no credit for the value of its subsidiaries, overall retail brand and steadily improving balance sheet."
For more ratings news on Janus Capital click here and for the rating history of Janus Capital click here.
Shares of Janus Capital closed at $6.59 yesterday.
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