Avery Schumer
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Avery Schumer in Insider trading,

JP Morgan Upgrades Tyco To Overweight

Shares of Tyco International PLC  have declined 16.28 percent year-to-date, from a high of $43.99 on January 8.

JP Morgan’s C. Stephen Tusa, Jr has upgraded the rating on the company from Neutral to Overweight, while raising the price target from $40 to $42.

Tusa believes that the company’s current multiple neither reflects the safety offered by its portfolio, nor the visibility into its revenue acceleration potential.