Tiger Brokers

BUZZ-BofA upgrades Janus Henderson to 'buy', trims PT

Reuters
Apr 03, 2025
BUZZ-BofA upgrades Janus Henderson to 'buy', trims PT

** 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;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10