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Analyst Insight: Citigroup Upgraded Janus Capital Group To Buy, With $13 PT (JNS)
Analyst Insight Citigroup Upgraded Janus Capital Group To Buy With 13 PT JNS  | BahVideo.com
Watch Analyst Insight: Citigroup Upgraded Janus Capital Group To Buy,  With $13 PT (JNS)

Analyst Insight: Citigroup Upgraded Janus Capital Group To Buy, With $13 PT (JNS)

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7/1/2010- Citigroup analysts upgraded Janus Capital Group (NYSE:JNS) to buy from hold, with a $13 price target, and reduce their 2010 EPS estimate. The bank now sees fiscal 2010 EPS of $0.60, down from $0.70 per share, vs. consensus estimates of $0.70 per share. Analyst William R. Katz said that the thesis from here is, "1) favorable residual value following extreme "burndown" analysis on INTECH attrition should support the stock; 2) highest misery (sentiment) index in coverage group could drive a "melt up"; and, 3) among most levered to potential upturn in US equities markets/flows." Citigroup sees fiscal 2011 EPS of $0.70, vs. consensus estimates of $0.80 per share.
Channel: YouTube
Video Length: 60
Date Found: July 01, 2010
Category: News
Date Produced: July 01, 2010
View Count: 0
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