J.P. Morgan Maintains Overweight on Tyco International (TYC)

J.P. Morgan is out with its report today on Tyco International TYC, maintaining Overweight. In a note to clients, J.P. Morgan writes, "Speculation that Tyco is weighing a big deal (which some believe would suppress stock buyback ambitions/break-up potential) represents a continuum of noise around all the less important catalysts seen last year and competitive threats like cable, distracting from the accelerating fundamental upside earnings potential, the most important stock driver that we expect to continue in 2Q with a more pronounced upward revision to guidance. TYC remains our top pick." Shares of TYC closed Wednesday at $44.14, down 0.63% from Tuesday's close.