Johnson Controls (JCI) Added to Credit Suisse U.S. Focus List; Sees Multiple Catalysts to Drive Stock

Credit Suisse added Johnson Controls (NYSE: JCI) to the U.S. Focus List. The firm maintained an Outperform rating and price target of $52.00.

Analyst J. Mitchell sees a number of company-specific catalysts to reverse a lackluster share price performance (the stock has hit $52-53 several times in recent years), into year-end. They believe these catalysts will drive the stock toward our $52 TP.

Catalysts include:

• September 2 - Tyco deal closes.
• September 15 - Adient analyst meeting.

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 $44.44 yesterday.

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