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

KeyBanc raised the firm’s price target on Janus (JBI) to $10 from $9 and keeps an Overweight rating on the shares. Following the company’s Q1 earnings, in addition to confirmation of its limited tariff exposure, the firm walked away with incremental confidence that earnings are at/near trough levels as Self-Storage stabilizes. KeyBanc maintains current levels provide a compelling entry point relative to the more positive long-term fundamentals of the business with Self-Storage improvement on the horizon.