Jefferies Maintains a 'Hold' on Johnson Controls (JCI); Outlook Stabilizing, But No N-T Catalyst

Jefferies maintains a 'Hold' on Johnson Controls (NYSE: JCI) price target raised by $1 to $36.

Analyst, Peter Nesvold, said, "JCI ended the day modestly down 1.2% (vs. the S&P 500 up 0.1%) following an in-line F2Q report and guidance that appears to have stabilized with expectations for F2012. While we think the decks have largely been cleared from a sentiment standpoint, the stock seems to lack a near-term catalyst." (Lowered FY13 EPS estimate from $3.40 to $3.38)

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 $31.96 yesterday.

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