UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Johnson Controls

In a report published Wednesday, Jefferies & Company reiterated its Hold rating on Johnson Controls JCI, and slightly raised its price target from $26.00 to $27.00. Jefferies noted, “JCI's F4Q:12 results were a mixed bag again, with the company eking out an in-line adjusted EPS number with benefits from a lower tax rate and lower share count. We actually want to like this stock, given how out of favor it is. We just can't get over the near-term headwinds yet.” Johnson Controls closed on Tuesday at $25.81.