Janus Capital Group (JNS) Drops More than 7%

Shares of Janus Capital Group Inc (NYSE: JNS) closed Monday trading down 7.48% at $10.51 per share.

Volume of nearly 7 million shares was more than double the daily average volume of 3.3 million shares.

Shares of Janus Capital Group Inc traded between $10.51 and $11.12 per share during the trading day.

Goldman Sachs Group analysts Richard Ramsden, Brian Foran, Daniel Harris and Jessica Binder Graham downgraded shares of Janus Capital Group Inc to a rating of Sell and lowered the price target to $10 per share, down from the previous price target of $15.

The analysts said they thought that companies like Janus Capital Group with heavy retail exposure were likely to underperform their peers.