Newell Rubbermaid (NWL) Ratings Affirmed by S&P Amid Jarden (JAH) Deal

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Piper Jaffray Updates Estimates on Jarden Corp. (JAH) to Reflect NWL's Offer - PT to $60

December 15, 2015 7:49 AM EST

Piper Jaffray reiterated an Overweight rating on Jarden Corporation (NYSE: JAH), and raised the price target to $60.00 (from $56.00), to reflect the offer by NWL to acquire the company. The offer represents a 24% premium to the trailing 30 day weighted average price and appears fair and reasonable in our... More

Piper Jaffray Upgrades Newell Rubbermaid (NWL) to Overweight

December 15, 2015 6:43 AM EST

Piper Jaffray upgraded Newell Rubbermaid (NYSE: NWL) from Neutral to Overweight with a price target of $51.00 (from $43.00), saying they are positive on the Jarden (NYSE: JAH) deal and see a favorable entry point.

Analyst Stephanie Wissink commented,... More