Janus Capital downgraded to Sell from Neutral at Citigroup Citigroup downgraded Janus Capital to Sell citing valuation and a lack of operating leverage following the company's Q4 results. Citi lowered its price target for shares to $7.75 from $8.
Janus 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.