Reuters: Global Markets: Janus Capital shares fall on rating cut by Goldman Sachs

Reuters: Global Markets Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Janus Capital shares fall on rating cut by Goldman Sachs Dec 3rd 2012, 17:24 Mon Dec 3, 2012 12:24pm EST (Reuters) - Shares in asset manager Janus Capital Group (JNS.N) were down 4 percent on Monday after a Goldman Sachs analyst cut his rating on the stock to "sell." In a note to investors on Monday, analyst Marc Irizarry said he expects Janus shares to underperform, citing pressures such as the company's mixed fund performance and the leadership change at its Intech quantitative-investing unit, announced on Friday. Irizarry also cited the completion of purchases of Janus shares by Japanese life insurer Dai-ichi Life (8750.T), which agreed in August to buy up to 20 percent of Denver-based Janus. Janus shares were down 30 cents to $7.91 in midday trading.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions