JHG – UBS rates the stock as Buy

By Broker News | More Articles by Broker News

September quarter adjusted net profit was below UBS estimates, largely reflecting a seasonally-lower recognition of performance fees and higher tax rate.

A further improvement in investment performance bodes well for future flow prospects, the broker suggests.

The broker retains a Buy rating. Target is raised to US$40.00 from US$38.75.

Sector: Diversified Financials.

Current Price is $45.50. Target price not assessed.

Broker News

About Broker News

FNArena's Australian Broker Call, is your daily news report on the latest recommendation, valuation, forecast and opinions recently published by Stockbrokers.

View more articles by Broker News →