** BofA Global Research upgrades asset manager Janus Henderson JHG.N to "buy" from "neutral", cuts PO to $43 from $57
** Shares fall 7.5% at $34.06 amid the broader market selloff
** JHG's investment performance is broadly strong across its active equity and fixed-income businesses - brokerage
** Adds JHG in a strong position to win significant bond reallocations over the next three years as investors move out of cash and extend durations
** "JHG has been attracting new investment talent and rehiring former investment professionals/leaders that have been attracted to the company's improving culture," says brokerage
** As of last close, JHG stock down 13.4% YTD, compared with a 3.6% decline in the S&P 500 .SPX
(Reporting by Ateev Bhandari in Bengaluru)
((Ateev.Bhandari@thomsonreuters.com;))
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