Market Overview

UPDATE: J.P. Morgan Initiates Coverage on Jarden Corporation with Overweight Rating, $62 PT

Related JAH
Earnings Scheduled For July 29, 2015
Benzinga's M&A Chatter for Monday July 13, 2015

In a report published Wednesday, J.P. Morgan & Co. initiated coverage on Jarden Corporation (NYSE: JAH) with an Overweight rating and $62.00 price target.

J.P. Morgan noted, “Although the stock's valuation has moved up from its lows, we still find it compelling, and don't think the market fully appreciates the company's transition from a roll-up to an operator, focused on generating sustainable top line growth, margin expansion, and returning more cash to the shareholders. While the company's discretionary and seasonal product base makes it more susceptible to the macro-backdrop and weather patterns, we believe that its focus on innovation, cross-selling opportunities, and further geographic expansion should help it deliver organic sales growth in the low-mid-single digit range over the next several years. With the lowest operating margins in the group, we think there is plenty of opportunity for margin expansion, which should drive double-digit EPS growth, and multiple-expansion from current levels.”

Jarden Corporation closed on Tuesday at $50.33.

Latest Ratings for JAH

Jul 2015JefferiesMaintainsBuy
Jul 2015DA DavidsonMaintainsBuy
Jul 2015Deutsche BankMaintainsBuy

View More Analyst Ratings for JAH
View the Latest Analyst Ratings

Posted-In: J.P. Morgan & Co.Analyst Color Initiation Analyst Ratings


Related Articles (JAH)

Get Benzinga's Newsletters