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Jefferies said Janus International is an undervalued small cap name that can outpace peers in the storage sector. The firm initiated coverage of the self storage stock with a buy rating and a $20 per share price target. Janus International stock has risen nearly 8% in 2024. Analyst Philip Ng said that while Janus remains outside of investor focus, he thinks the stock is undervalued compared with peer small cap storage firms. "As the only national player with a full-service solution, JBI has strong pricing power," he added.
Persons: Jefferies, Janus, Philip Ng, it's, Ng, JBI, Michael Bloom Organizations: Janus International, stoke
Jefferies says specialty plumbing and appliances distributor Ferguson is a high-quality business "poised to take [market] share." Its new price target of $181 implies shares rallying 28% from Monday's close. "FERG is uniquely positioned to service compared to smaller competitors due to its scale & breadth of products," analyst Philip Ng wrote in a Tuesday note. "FERG should be resilient in a downturn, driven by its pricing power, high variable cost structure and capital light model. FERG's pricing power & limited exposure to commodity products drive stable gross margins through the cycle."
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