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Downgrade Alert for Janus Capital (JNS)

By Shiri Gupta

Janus Capital (NYSE:JNS) was downgraded from Outperform to Market Perform at Wells Fargo today. The stock closed yesterday at $14.30 on volume of 2.4 million shares, above average daily volume of 1.8 million.

Janus Capital share prices have moved between a 52-week high of $18.98 and a 52-week low of $11.07 and closed yesterday at 29% above that low price at $14.30 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.0%.

Potential upside of 17.3% exists for Janus Capital, based on a current level of $14.30 and analysts' average consensus price target of $16.78. Janus Capital shares should first meet resistance at the 50-day moving average (MA) of $14.36 and find additional resistance at the 200-day MA of $14.39.

Janus Capital Group Inc. is a global asset management firm offering individual investors and institutional clients asset management services. The Company provides investment management, administration, distribution and related services to individual and institutional investors through mutual funds, separate accounts and subadvised relationships.

SmarTrend recommended that subscribers consider buying shares of Janus Capital on February 26th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $12.96. Since that recommendation, shares of Janus Capital have risen 10.8%. We continue to monitor JNS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades janus capital

Ticker(s): JNS