J.P. Morgan Maintains Janus Capital Underweight Rating (JNS)

J.P. Morgan maintained its Janus Capital JNS Underweight rating in a research report published today. J.P. Morgan has previously given Janus Capital a $12 price target. In the report, J.P. Morgan states, "Janus Capital Group reported 4Q10 EPS of $0.36. Excluding 1-time items, Janus earned $0.24 and excluding the unusually high performance fees EPS was closer to $0.20. The consensus was $0.21. The most notable item during the quarter was the increase in redemptions to a meaningful $4.8 billion. We maintain our Underweight and see risk to 2011 estimates due to sales and to 2012 estimates from a slowdown in performance fees." Shares of Janus Capital were at $13.50 at the time of posting in pre-market trading, up 2.74% from Thursday's market close.