J.P. Morgan Reports on Mylan

In a report released today, J.P. Morgan commented on Mylan MYL. In the report, J.P. Morgan was positive in its assessment of the company. J.P. Morgan writes, " With a highly diversified business that we believe is capable of delivering high-teens EPS growth over the next several years, we rate MYL shares Overweight. In addition to a solid US business that is poised for several high-profile launches in 2011 and 2012, we believe Mylan is solidly positioned to take advantage of attractive international opportunities and realize significant cost synergies from its global infrastructure. " J.P. Morgan currently has an Overweight rating on Mylan and a price target of $28. Shares of the company closed the trading day Friday at $23.82, down $0.07 from the opening bell.