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Rating:Janus Didn't Downgrade Janus Not Rated 1.0 Email Routing List Email & Route  Print Print
Wednesday, March 09, 2011

Janus Didn't Downgrade Janus

News summary by MFWire's editors

Despite stories to the contrary, Janus insists that it was not downgraded by one of its own analysts. The Denver Business Journal's Heather Draper follows up on an American Banking & Market News story (no longer viewable online) from yesterday that a Janus analyst actually changed from a neutral to an under-perform rating for the Denver-based mutual fund firm.

"None of our analysts rate our stock," a Janus spokesman told the Journal. "We can't own it in our mutual fund portfolios, so there's no reason to rate it."

Separately, Dow Jones reports that Bank of America Merrill Lynch downgraded Janus to underperform, worrying about performance, Intech "outflows" and possible negative performance fees. 

Edited by: Neil Anderson, Managing Editor

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