By: Benzinga
January 25, 2013 at 08:27 AM EST
UPDATE: Citigroup Downgrades Janus Capital Group to Sell on Structural and Valuation Issues
Citigroup downgraded Janus Capital Group (NYSE: JNS ) from Neutral to Sell, price target lowered from $8.00 to $7.75. Citigroup commented, "Three reasons: 1) we think investors are overly sanguine on JNS's flow recovery prospects, with 4Q reinforcing many challenges for the franchise; 2) despite headline beat, underlying operating leverage
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