Jupiter’s Orbit Shifted: Deutsche Bank Raises Valuation Horizon to 90p

Deutsche Bank has upped its target price on Jupiter Fund Management Plc (LON: JUP) to 90p from 80p as the optimism for the asset manager's cost-cutting drive and stabilising assets under management (AUM) heightens. This comes on the back of signs of a wider trend for upgrades among the analysts, such as Peel Hunt's upgrade last week to 90p from 76p based on cautious first signs of sustainable profit expansion.

Analyst Sentiment

Market Reaction

Jupiter's share price jumped 9% to 89p on the upgrades, a 52-week high, and ahead of the rest of the UK asset management sector.

 

Sources: City A.M., Investing.com, Perplexity Finance