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UPDATE: Citigroup Reiterates on Jarden Following 4Q EPS Report

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UPDATE: BTIG Research Initiates Coverage On Jarden On Positive Outlook

In a report published Tuesday, Citigroup analyst Gregory R. Badishkanian reiterated a Buy rating on Jarden (NYSE: JAH), and raised the price target from $64.00 to $71.00.

In the report, Citigroup noted, “JAH reported 4Q EPS of $1.31 (excl -$1.02 of extraordinary items) vs. FC of $1.30 and implied guid of $1.28 to $1.33. Sales were $2.22bn vs. FC of $2.23bn. The co posted organic growth of 4% vs. 5.6% in 3Q13 (excl FX) which was an acceleration on a 2-year basis. GM was up 360bps vs. down 50bps in 3Q, SGA was up 90bps vs. down 50bps YoY in 3Q, and op margin was up 270bps vs. flat in 3Q. We're encouraged by the 4Q performance as well as outlook.”

Jarden closed on Friday at $60.10.

Latest Ratings for JAH

DateFirmActionFromTo
Nov 2014BTIG ResearchInitiates Coverage onBuy
Nov 2014CitigroupMaintainsBuy
Sep 2014Piper JaffrayInitiates Coverage onOverweight

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View the Latest Analyst Ratings

Posted-In: Citigroup Gregory R. BadishkanianAnalyst Color Price Target Analyst Ratings

 

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