Janus Henderson upgraded to Neutral from Sell at Goldman Sachs

Goldman Sachs analyst Alexander Blostein upgraded Janus Henderson (JHG) to Neutral from Sell with a price target of $45, up from $42, implying 4% upside to the current stock price. The firm expects the company’s organic growth to improve from negative 0.2% in 2023 and 0% in 2024 to 1.3% in 2025 and 1.9% in 2026. This makes the stock one of the few traditional managers with positive organic growth, the analyst tells investors in a research note.