Jupiter Fund Management (JUP) News Today

Jupiter Fund Management Plc (LON:JUP) shares have risen on the back of a major strategic acquisition and supportive analyst commentary. Key developments include:

• Positive Sentiment: Agreed a £100 million takeover of CCLA, the UK’s largest charity and non-profit asset manager, broadening Jupiter’s footprint in the non-profit sector. Jupiter buys charity specialist CCLA in £100mn deal
• Positive Sentiment: The deal delivers a windfall for the Church of England, which sold its majority stake in CCLA to Jupiter. Windfall for CofE as fund manager in which it holds majority stake is sold to rival in £100m deal
• Positive Sentiment: Shares jumped over 10% on the acquisition announcement, underlining investor enthusiasm. Jupiter Fund Management (LON:JUP) Shares Up 11.2% – Still a Buy?
• Positive Sentiment: Morgan Stanley’s Marina Massuti highlighted the strategic acquisition and an improved outlook amid industry challenges. Jupiter Fund Management Plc: Strategic Acquisition and Improved Outlook Amid Industry Challenges
• Neutral Sentiment: Deutsche Bank raised its target price from GBX 90 to GBX 110 but maintained a “hold” rating. Deutsche Bank Forecasts Strong Price Appreciation for JUP