Will This Price Target Increase Help Jarden (JAH) Stock Today?

Story updated at 10 a.m. to reflect market activity.

NEW YORK (TheStreet) -- Jefferies raised its price target for Jarden (JAH) to $73 from $70 Tuesday, reiterating its "buy" rating for the stock.

Shares of Jarden gained 1.1% to $60.82 in morning trading.

The analyst firm also raised its EPS estimates for the housewares company through 2016. Jefferies analysts expect Jarden to report earnings of $3.95 a share for full year 2014, up from its previous estimate of $3.94 a share. The firm estimates earnings of $4.44 a share in 2015, and $4.93 a share in 2016, up from $4.40 and $4.85 a share, respectively.

Analysts Kevin Grundy and Peter Schanzer wrote that Jarden "remains our top pick in HPC/bevs, following our mgmnt meetings yesterday. JAH sounded good on the overall state of the business, Yankee expansion plans, and its ability to deliver on its LT targets."

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Separately, TheStreet Ratings team rates JARDEN CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate JARDEN CORP (JAH) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

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