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Jarden (JAH) Stock Rallies, RBC Capital Upgrades to 'Top Pick'

NEW YORK (TheStreet) -- Jarden Corp. (JAH - Get Report) shares are jumping 1.72% to $47.30 on Tuesday after analysts at RBC Capital Markets this morning boosted their ratings on the consumer products company to "top pick" from "outperform" with a $60 price target.

"Just as Jarden management is opportunistic on making deals, we believe we are being opportunistic with Jarden's recent selloff and under performance," analysts said.

In addition, analyst noted that the stock represents one of the best risk-to-reward profiles across their coverage.

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Specifically, the stock has a 29% base case, 10% downside case, and a 51% upside case, according to the firm's note.

Overall, analysts are bullish given the company's strong fundamentals.

Based in Boca Raton, FL, Jarden manufactures, markets, and distributes consumer products worldwide.

Separately, TheStreet Ratings team rates JARDEN CORP as a...