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Johnson Controls (JCI) at 'Inflection Point' Says Analyst

April 24, 2013 1:25 PM EDT Send to a Friend
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Price: $46.60 -3.42%

Rating Summary:
    12 Buy, 7 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 23 | Down: 7 | New: 19
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Gabelli today maintained a Buy rating on Johnson Controls (NYSE: JCI) and said the stock was at a "inflection point." Yesterday Johnson Controls reported in-line Q2 results and reaffirmed guidance.

Analyst said, "We believed the company had left little margin for error and still do to a degree. Nevertheless, management's confidence in its own $2.60-$2.70 EPS guidance for FY13 as well as $0.75 in Q3 is a distinct positive. The implied $1.00 per share in earnings in 4Q illustrates the effectiveness of cost cutting measures and sets JCI up for a significant increase in 2014."

For an analyst ratings summary and ratings history on Johnson Controls click here. For more ratings news on Johnson Controls click here.

Shares of Johnson Controls closed at $33.49 yesterday.




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