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
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
to underperform, worrying about performance, Intech "outflows" and possible negative
Neil Anderson, Managing Editor
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