The firm said it raised its rating on the financial services company as it believes Bill Gross will bring in almost $30 billion in assets.
Gross, the former chief investment officer at Pimco (PHK) , announced on Friday that he would be leaving the company he founded to go to Janus.
Shares of Janus Capital are lower by 2.45% to $15.50 in pre-market trading on Monday.
Separately, TheStreet Ratings team rates JANUS CAPITAL GROUP INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate JANUS CAPITAL GROUP INC (JNS) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
You can view the full analysis from the report here: JNS Ratings Report