CNR - Janus International gets bullish rating from Keybanc on dominant position

Keybanc Capital analyst Jeffrey Hammond initiates Janus International (NYSE:JBI) with an Overweight rating due to its "dominant market position and favorable self-storage tailwinds." The supplier of self-storage, commercial and industrial doors, storage units, and automation technologies will likely continue to outperform as "capacity additions and industry consolidation drive more Janus content per sq. foot within facilities," Hammond writes in a note to clients. He also sees the company's commercial door business gaining market share. Sets $18 price target. Janus International's (JBI) total return over the past year lags that of Cornerstone Building Brands (NYSE:CNR) and CSW Industrials (NASDAQ:CSWI) as seen in chart below. Previously (Aug. 18), Janus International closes $168M acquisition of Cornerstone's roll-up sheet door business

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Janus International gets bullish rating from Keybanc on dominant position