UPDATE: J.P. Morgan Initiates Coverage on Jones Energy on Multiple Positive Factors

In a report published Friday, J.P. Morgan analyst Joseph Allman initiated coverage on Jones Energy (NYSE: JONE ) with an Overweight rating and $18.00 price target. In the report, J.P. Morgan noted, “We initiate coverage of JONE with an Overweight rating. The pure-play MidContinent E&P company differentiates itself with its