Deutsche Bank Starts Jarden Corporation (JAH) at Buy

Deutsche Bank initiated coverage on Jarden Corporation (NYSE: JAH) with a Buy rating and a price target of $70.00. Analyst Faiza Alwy called the company a best in class capital allocator and value creator.

"Despite recent exogenous growth headwinds, company remains an adept capital allocator with strong processes and systems to extract savings and drive growth across its varied portfolio. With solid market share across its categories and proven innovation pipeline, we believe shares are cheap relative to growth potential and management incentives are strongly aligned with shareholder value creation. Launching with Buy ($70 target) noting recent market and group relative underperformance, high FCF yield and low rate environment conducive to ongoing M&A strategy," said Alwy.

For an analyst ratings summary and ratings history on Jarden Corporation click here. For more ratings news on Jarden Corporation click here.

Shares of Jarden Corporation closed at $58.84 yesterday.

You May Also Be Interested In

• Amazon.com (AMZN) PT Raised to $215 at UBS
• Meta Platforms Inc. (META) PT Lowered to $575 at UBS, 'shares are offering a 3-to-1 skew'
• Macquarie Upgrades ASM Pacific Technology (522:HK) (ASMVY) to Outperform