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Johnson Controls, Inc. (JCI)
by Zacks Equity ResearchAugust 31, 2012 | Comments : 0 Recommended this article: ()
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We are also concerned about pricing pressure from OEMs and strong competition faced by the company. These have led us to downgrade our recommendation on the stock to Underperform from Neutral and set a target price of $25.00.
Our long-term Underperform recommendation on the stock indicates that it will perform below the market. Our $25.00 target price, 9.9X 2012 EPS, reflects this view.