Needham & Company Reiterates a 'Buy' on Johnson Controls (JCI); A Few Temporary Near-Term Obstacles to Overcome

Needham & Company reiterates a 'Buy' on Johnson Controls (NYSE: JCI) price target of $40.00.

Analyst, Michael Lew, said, "Weak demand in Europe combined with a few uncontrollable events (i.e,. warmer weather) have created temporary hurdles that Johnson Controls should be able to overcome. In our view, the company is well-positioned to benefit from stronger economic times based on its leading share positions across the various business lines combined with the secular focus on energy efficiency."

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 $32.95 yesterday.

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