Bill Gross Stirs Revisions for Janus & Allianz, Barbie Maker Downgraded

In Monday's Analysts' Action, Janus gets an upgrade while Pimco's owner Allianz is downgraded along with Mattel.
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In Monday's Analysts' Action, Janus gets an upgrade while Pimco's owner Allianz is downgraded along with Mattel. Janus Capital (JNS) was upgraded at Morgan Stanley to EQUAL WEIGHT from UNDERWEIGHT. The price target was also raised to $18 from $11.50. The firm says it believes Bill Gross will bring in almost $30 billion in assets. On the other side, analysts are getting cautious about Pimco, the company Bill Gross founded and left for Janus, and taking it out on its parent company Allianz. Allianz is a German insurer and trades there. Among the notes of caution, Credit Suisse revised its rating lower for Allianz to NEUTRAL from OUTPERFORM. RBC Capital cut its price target for the stock by 5 bucks to $130 a share. Barbie doll maker Mattel (MAT) was downgraded to NEUTRAL from BUY at MKM Partners. The firm also lowered its price target to $32 from $41 for the stock saying the toymaker is facing many growth challenges.