UPDATE: Sterne Agee Initiates Coverage on Johnson Controls at Neutral

According to Sterne Agee, Johnson Controls JCI coverage is initiated at Neutral. Sterne Agee said that as the world looks to more efficiently manage energy use, JCI is in a unique position to supply solutions for use in building and in the vehicle. “We are initiating coverage with a Neutral rating.” Johnson Controls closed yesterday at $29.48.