BofA downgraded Janus Henderson (JHG) to Neutral from Buy with a price target of $49, down from $54, after the company announced that it will be acquired by Trian and General Catalyst in an all-cash transaction for $7.4B or $49 per share.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JHG:
- Coty downgraded, Spruce Biosciences initiated: Wall Street’s top analyst calls
- Hold Rating Maintained as Modest Take‑Private Premium Offers Liquidity but Limited Upside for Public Shareholders
- Janus Henderson downgraded to Hold from Buy at TD Cowen
- Janus Henderson price target lowered to $49 from $50 at Evercore ISI
- Midday Fly By: Ellison backstops Paramount bid for Warner Bros.