Piper Jaffray Upgrades Johnson Controls (JCI) - Johnson Controls Intl (NYSE:JCI)

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In a recent report by Piper Jaffray, Johnson Controls (NYSE: JCI) was upgraded from Neutral to Overweight and its price target increased from $46 to $47.Piper Jaffray explains, “We are upgrading JCI to Overweight as we believe the recent under-performance of the stock presents an attractive entry point with each of JCI's non-Japanese businesses showing strong momentum.” There is a risk/reward opportunity for JCI because of the uncertainty following the Japan disaster and expected growth over the next few years. At closing yesterday, Johnson Controls was trading at $39.60.

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