UK's Jupiter Fund Management rises after brokerage improves rating, raises target price

Peel Hunt

27/05/2025 08:51

** Shares of money manager Jupiter Fund Management JUP.L up 8.3% at 88.8p

** Stock among top pct gainers on FTSE mid-cap index .FTMC

** Peel Hunt raises rating to "add" from "hold", raises PT to 90p from 76p, citing cost savings

** Jupiter’s 15 million pound ($20.33 million) cost-saving plan boosts profitability outlook - Peel Hunt

** "Although a relatively short period, flows have been broadly neutral since the start of this quarter," brokerage says

** JUP down ~5.7% YTD

($1 = 0.7380 pounds)

 (Reporting by Anandita Mehrotra in Bengaluru)

 ((Anandita.Mehrotra@thomsonreuters.com;))