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.