KeyBanc raised the firm’s price target on Janus (JBI) to $12 from $10 and keeps an Overweight rating on the shares following quarterly results. Although the SS demand backdrop remains soft year-over-year, fundamentals are holding in better than feared, and Commercial is returning to growth, supported by internal momentum. With backlogs and pipeline holding, KeyBanc sees stability carrying into the second half of 2025 and 2026, with upside should rate cuts materialize.
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