Wells Fargo maintains an 'Outperform' on Johnson Controls (JCI), But Removes From Priority Stock List

Wells Fargo maintains an 'Outperform' on Johnson Controls (NYSE: JCI) price target range of $38-$42.

Wells analyst says, "We are removing JCI from our Priority Stock List. The company's earnings catalysts for FY2012 (improvement in European automotive margins, consistent operating leverage in Building Efficiency) are less meaningful relative to our prior expectation. As such, we believe earnings upside potential is muted near term. That said, we believe the shares offer good upside potential for investors with 12-month horizons."

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 $32.46 yesterday.

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