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Stock Market & Financial Investment News

News Breaks
June 5, 2014
06:14 EDTPL, JNSDai-ichi, Protective deal removes bullish Janus argument, says Citigroup
Citigroup believes Dai-ichi Life's buyout of Protective Life (PL) removes one of the key bullish arguments for Janus Capital (JNS) since Dai-ichi owns nearly a 20% stake in Janus and now a possible takeout is less likely. Citi says the Protective Life deal takes away the majority of Dai-ichi's $7B cash position. The firm keeps a Sell rating on Janus with a $9 price target.
News For JNS;PL From The Last 14 Days
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November 20, 2014
14:04 EDTJNSBill Gross to manage $500M fund for Soros Management
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November 11, 2014
07:56 EDTJNSJanus Capital inflows accelerated in October, says Jefferies
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07:02 EDTJNSJanus Capital fund flows tracking well below consensus, says Citigroup
After Bloomberg reported that Janus saw $1.2B in October bond fund inflows, Citigroup says the company's new business trends are tracking "sharply below those implied in the stock price." Citi believes Janus' flow trends are tracking in-line with its "well below" consensus 2015-16 earnings estimates. It keeps a Sell rating on Janus with a $12.50 price target.
November 10, 2014
08:30 EDTJNSJanus funds saw over $1B in inflows after Gross hiring, Bloomberg says
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