Needham & Company Reiterates a 'Strong Buy' on Johnson Controls (JCI); Expect Favorable Resolution To Pollution Related Matter
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Price: $153.64 +1.45%
Rating Summary:
23 Buy, 13 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
23 Buy, 13 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company reiterates a 'Strong Buy' on Johnson Controls (NYSE: JCI) price target of $45.00.
Needham analyst says, "The shutdown of a Johnson Controls battery production plant in Shanghai over lead pollution concerns is surprising, in our view. The plant in question was named a "national model enterprise for occupational health and safety" in 2006, and has lead emissions at about 1/7th the Chinese national standard. In addition, lead discharge through waste water treatment facility average is about 1/10th of Chinese national standard. We expect a favorable resolution to this matter given the company’s solid production track record."
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 $30.19 yesterday.
Needham analyst says, "The shutdown of a Johnson Controls battery production plant in Shanghai over lead pollution concerns is surprising, in our view. The plant in question was named a "national model enterprise for occupational health and safety" in 2006, and has lead emissions at about 1/7th the Chinese national standard. In addition, lead discharge through waste water treatment facility average is about 1/10th of Chinese national standard. We expect a favorable resolution to this matter given the company’s solid production track record."
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 $30.19 yesterday.
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