Jarden price target raised to $72 from $62 at Credit Suisse Credit Suisse raised Jarden estimates above consensus for 2014 to reflect more synergies from the Yankee Candle acquisition and shareholder cash returns. Shares are Outperform rated.
Jarden backs FY14 EPS guidance of 'in-line with street estimates' The company sees foreign exchange rate, excluding Venezuela, impacting FY14 revenue by $60M-$90M. The company expects to generate $650M in cash flow from operations in FY14. Management stated that the company is mindful of movements in the Euro. Currency was a mild headwind in FY14 and could have a significant impact on FY15. Comments provided during Q3 earnings conference call.