Jefferies Downgrades Janus Capital (JNS) to Hold

March 29, 2012 6:54 AM EDT
Get Alerts JNS Hot Sheet
Price: $13.37 -1.33%

Rating Summary:
    1 Buy, 9 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
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Jefferies downgraded Janus Capital (NYSE: JNS) from Buy to Hold with a price target of $9.50.

The firm comments, "While fundamentals have improved thus far in 2012, particularly around investment performance, performance fees will take time to recover as will a return to equity inflows. Janus remains highly levered to the equity markets; however, we believe the risk/reward is currently fairly balanced at approx. 12.5x our 2012 EPS estimate."

For an analyst ratings summary and ratings history on Janus Capital click here. For more ratings news on Janus Capital click here.

Shares of Janus Capital closed at $9.19 yesterday.

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