Analysts back Henderson resurgence after profit surge

A trio of brokers have raised their forecasts for Henderson after a positive set of interim results convinced them that the FTSE 250 group can excel in future.

Henderson's share price has mirrored many of its asset manager peers over the past 12 months, rising some 61%, but analysts had previously retained concerns over the net outflows seen across the business. Those outflows continued in Henderson's interim results yesterday as a result of legacy business exiting, but an improving retail segment and record half-year pre-tax profit of £101m has cheered the broker community. UBS this morning raised the group from ‘neutral' to ‘buy', and that was followed by J.P. Morgan hiking its own price target on the group, up from 159p to 174p. The UB...