Market Overview

UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Johnson Controls

Share:
Related JCI
How To Trade The Expected Expansion In U.S. Infrastructure Spending
Stuck In A Bearish Trend, Johnson Controls Shares Would Look More Attractive In The Mid-$30s

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.

Latest Ratings for JCI

DateFirmActionFromTo
Feb 2017Argus ResearchDowngradesBuyHold
Nov 2016CitigroupInitiates Coverage OnBuy
Nov 2016Goldman SachsMaintainsBuy

View More Analyst Ratings for JCI
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (JCI)

View Comments and Join the Discussion!