Market Overview

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

Share:
Related JCI
UPDATE: Johnson Controls Posts Higher Q1 Profit
10 Must Watch Stocks for January 22, 2015
Lear Auto Seat Sales Drive Q4 Revenue, Profit Beat (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

DateFirmActionFromTo
Jan 2015NomuraInitiates Coverage onNeutral
Dec 2014Ascendiant CapitalInitiates Coverage onBuy
Dec 2014UBSMaintainsNeutral

View More Analyst Ratings for JCI
View the Latest Analyst Ratings

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

 

Related Articles (JCI)

Around the Web, We're Loving...

Get Benzinga's Newsletters