UPDATE: J.P. Morgan Initiates Coverage on Third Point Reinsurance on Mixed Factors

In a report published Monday, J.P. Morgan analyst Jimmy S. Bhullar initiated coverage on Third Point Reinsurance Ltd. (NYSE: TPRE ) with a Neutral rating and $15.00 price target. In the report, J.P. Morgan noted, “We are initiating coverage of TPRE with a Neutral rating and a 12/31/14 price target