Jefferies Maintains Buy on Jarden

Jefferies is out with its report today on Jarden JAH, maintaining Buy. In a note to clients, Jefferies writes, "Although we had expected weather and timing issues to make for a muted Q2, JAH's organic sales growth and margins were below our expectations, with below-the-line items making up for a majority of the shortfall. However, we continue to believe that the second half remains on track and look for double-digit EPS growth in the 3Q and 4Q." Jefferies maintains a $42 PT on JAH. At the time of posting, shares of JAH were trading at $31.53, down 4.86% from Wednesday's close.