Janus price target raised to $10 from $9 at Jefferies

Jefferies analyst Philip Ng raised the firm’s price target on Janus (JBI) to $10 from $9 and keeps a Hold rating on the shares. Janus has executed better in a tough macro environment, with cost out, share gains from its smaller competitors and in commercial, while pricing has held up better than expected, the analyst tells investors in a research note. The demand outlook remains challenged given the current credit markets, but has stabilized from the second half of 2024, the firm adds.