J.P. Morgan Reports K and Mills Remain Overweight Despite Upturned Volumes (K) (GIS)

In a recent report, J.P. Morgan remains overweight on K

and Mills

. In the report, J.P. Morgan said, "Typically more rational periods in the category disproportionately benefit the two top players, both in regards to earnings and widening their market shares over smaller players. Of the two, we prefer Mills on valuation and note that the K shares have had a significant run of late." Yesterday, K closed at $52.27 and Mills closed at $38.93.