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 (NYSE: 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.
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