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Jefferies Maintains a 'Hold' on Johnson Controls (JCI); This Stock Is Telling You Something

October 13, 2011 7:02 AM EDT
Get Alerts JCI Hot Sheet
Price: $64.87 --0%

Rating Summary:
    20 Buy, 15 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 13 | Down: 10 | New: 11
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Jefferies maintains a 'Hold' on Johnson Controls (NYSE: JCI) price target of $37.00.

Jefferies analyst says, "JCI hosted its ever-impressive annual Strategic Review and Outlook yesterday. We were actually more intrigued with how the stock traded, rallying 5.2% despite JCI’s downside F4Q pre-report and low F2012 guide. When stocks stop going down on bad news, it’s a positive market signal. Mgmt also reported it believes the macro backdrop has improved directionally in the last 30 days. Both would seem to be nascent causes for optimism."

For more ratings news on Johnson Controls click here and for the rating history of Johnson Controls click here.

Shares of Johnson Controls closed at $31.72 yesterday.


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