** Shares of asset manager Janus Henderson JHG.N rise 2.3% to $42.81
** UBS upgrades JHG to "buy" from "neutral"; raises PT to $50 from $45, a 19.4% upside to stock's last close
** Brokerage says early signs of business improvement have begun to manifest in key performance indicators such as an inflection in net flows and expanding operating margins
** Adds that JHG is on a unique growth path due to its differentiated product offerings and strength in the retail channel despite broader industry headwinds
** UBS expects JHG's fixed income inflows to accelerate into 2025 and 2026 given its scale and enhanced overseas distribution
** Two of 10 brokerages rate the stock "buy" and eight "hold"; their median PT is $47, according to data compiled by LSEG
** As of last close, JHG stock down 1.6% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com))
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