Morgan Stanley Initiates Janus International With Equal Weight Rating - Read Why

Comments
Loading...
  • Morgan Stanley analyst Joshua Pokrzywinski initiated Janus International Group Inc JBI with an Equal Weight rating and a price target of $14, implying an upside of 13.6%.
  • Pokrzywinski believes the long-term economics around self-storage upgrades due to a "consolidating, sophisticated customer base meshes well" with Janus' own role as a consolidator in equipment. 
  • The analyst says post-Covid normalization in occupancy and new square foot demand may cap the company's mid-term growth.
  • Price Action: JBI shares are trading lower by 2.76% at $12.33 on the last check Thursday.
Overview Rating:
Speculative
50%
Technicals Analysis
66
0100
Financials Analysis
40
0100
Overview
Market News and Data brought to you by Benzinga APIs
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm

Posted In: