Oppenheimer Outperform on Jarden Corporation

Oppenheimer & Co. is out with a research report on Jarden Corporation (NYSE: JAH) and it has an Outperform rating and a $43 price target on shares.

In a note to clients, Oppenheimer writes, "Our recent meeting with JAH management was encouraging and gave us increased confidence in our Outperform rating. The company has not seen evidence of a slowdown as of yet, raw material costs are moving in the right direction and we should see stepped up share buyback activity in the coming months. Further, valuation remains compelling, and we believe solid execution will ultimately be rewarded with multiple expansion. Reiterate Outperform rating and $43 DCF-derived target price."

Shares of JAH closed at $28.83 yesterday.