UPDATE: J.P. Morgan Initiates Coverage on Jarden Corporation with Overweight Rating, $62 PT

In a report published Wednesday, J.P. Morgan & Co. initiated coverage on Jarden Corporation (NYSE: JAH ) with an Overweight rating and $62.00 price target. J.P. Morgan noted, “Although the stock's valuation has moved up from its lows, we still find it compelling, and don't think the market fully appreciates