Oppenheimer Reiterates an 'Outperform' on Jarden Corp (JAH); Raising Numbers on Heels of Recent Buyback

Oppenheimer reiterates an 'Outperform' on Jarden Corporation (NYSE: JAH) price target raised from $44 to $50.

Oppenheimer analyst said, "We are raising our EPS estimates for Jarden for both this year and next, as well as our DCF-derived target price, to reflect the recently completed share repurchase through a modified Dutch auction. We continue to view the stock as a compelling value name and reiterate our rating."

"As such, we are raising our 2013 EPS estimate by $0.50 (to $4.55). However, we are increasing our 2012 estimate by only $0.30 to reflect the higher share count for the first two months of the year and to better reflect the impact of the warm winter, which JAH estimates will reduce 2012 sales by about ~$50M."

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 $38.90 yesterday.

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