JPMorgan upgrades Janus Henderson stock, forecasts 20% gain after strong earnings
JPMorgan has upgraded Janus Henderson's stock from neutral to overweight after the company reported strong fourth-quarter earnings. Analyst Kenneth Worthington raised the price target to $53, suggesting a potential gain of over 20%. The upgrade follows Janus Henderson's better-than-expected earnings, driven by its fixed income business. Worthington highlighted the company's strong balance sheet and CEO Ali Dibadj's initiatives as key factors for growth. Currently, most analysts maintain a hold rating on the stock, with only one other analyst recommending a buy. Despite this, Janus Henderson's shares have increased by 47.4% over the past year.