| Richard Weil |
After an initial round of head-scratching following word of
appointment as Janus'
CEO effective February 1,
investors are now opening their arms to Weil.
The Wall Street Journal
notes that Thursday's announcement drove Janus' shares lower by
2 percent that day. But on Monday, after investors had more time to
digest the news and ponder how Weil would fit with the company's strategy, Janus shares rose 4.8 percent to end the day at $15.
"Initially, there was a little bit of head scratching regarding the news, but as people understand who this guy is and
get more feedback, it has been more favorable," Stifel Nicolaus analyst Jeffrey Hopson was quoted in the
article as saying.
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