Market Overview

UPDATE: Morgan Stanley Downgrades Johnson Controls on Near-Term Volatility

Related JCI
Driverless Cars: A $97 Billion Opportunity For These Companies
Earnings Scheduled For July 24, 2015
Is Your Office Too Cold For Women? (Investor's Business Daily)

In a report published Monday, Morgan Stanley analyst Ravi Shanker downgraded the rating on Johnson Controls (NYSE: JCI) from Overweight to Underweight, and lowered the price target from $45.00 to $40.00.

In the report, Morgan Stanley noted, “We moved JCI near the top of our rankings a year ago because we saw far more scenarios where JCI could win than lose. However, with execution back on track, a new CEO lobbying for change and the stock at $43, expectations into the analyst day may be too high.”

Johnson Controls closed on Friday at $42.53.

Latest Ratings for JCI

Jul 2015BarclaysMaintainsOverweight
Jun 2015MacquarieMaintainsNeutral
Jun 2015Buckingham ResearchAssumesBuy

View More Analyst Ratings for JCI
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Ravi ShankerAnalyst Color Downgrades Analyst Ratings


Related Articles (JCI)

Get Benzinga's Newsletters