Market Overview

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

Related JCI
Barclays Sounds 'All Clear' In U.S. Auto Stocks; Upgrades Industry
Barclays Upgrades US Auto Industry To Neutral, Sees Impact On US Autos From Volkswagen Emission Scandal As Overdone
Strategic Dividend Dogs To Earn Upsides To 35.3% And Net Gains To 36% By Fall 2016 (Seeking Alpha)

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

Oct 2015NormuaUpgradesBuy
Sep 2015William BlairUpgradesMarket PerformOutperform
Sep 2015SusquehannaMaintainsNeutral

View More Analyst Ratings for JCI
View the Latest Analyst Ratings

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


Related Articles (JCI)

View Comments and Join the Discussion!

Get Benzinga's Newsletters