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JCI

Johnson Controls

$39.05

0.63 (1.64%)

11:10
01/08/18
01/08
11:10
01/08/18
11:10

Large call spread in Johnson Control as shares see relative strength

Large call spread in Johnson Control as shares see relative strength. The stock up 54c to $38.96 and 18.2K Jan - Feb 39 call spreads bought for 71c. The option action probably rolls long calls to Feb from Jan because the Feb 39s are opening and the other leg appears closing. Trade history shows opening activity in Jan 39 calls in November and December. Biggest block was 15K for 74c on 11/28 with shares near $38. Rolling the position to February from January, which expire at the end of next week, expresses confidence that the advance can gather momentum through earnings in late-January.

JCI Johnson Controls
$39.05

0.63 (1.64%)

12/07/17
GSCO
12/07/17
DOWNGRADE
GSCO
Sell
Johnson Controls downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Joseph Ritchie downgraded Johnson Controls to Sell citing concerns over free cash flow and his belief that consensus expectations are aggressive.
12/07/17
GSCO
12/07/17
DOWNGRADE
GSCO
Sell
Flowserve downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Joseph Ritchie downgraded Flowserve (FLS) to Sell citing concerns over free cash flow and his belief that consensus expectations are aggressive. The analyst tonight also upgraded Ingersoll-Rand (IR) to Buy and downgraded Johnson Controls (JCI) to Sell.
01/05/18
BARD
01/05/18
DOWNGRADE
Target $42
BARD
Neutral
Johnson Controls downgraded to Neutral from Outperform at Baird
Baird analyst Timothy Wojs downgraded Johnson Controls to Neutral and lowered its price target to $42 from $48. Wojs contends valuation is fair in light of slower growht, lower free-cash flow conversion, and "choppier" execution. The analyst said FY18 guidance is second half weighted, putting further emphasis on near-term execution, which could cause investors to take a wait-and-see approach around execution.
01/05/18
01/05/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. PriceSmart (PSMT) downgraded to Sector Perform from Outperform at Scotia Howard Weil. 2. Teva (TEVA) downgraded to Underperform from Market Perform at Wells Fargo with analyst David Maris saying Teva shares have now risen approximately 80% from its lows in November. 3. Roku (ROKU) downgraded to Sell from Neutral at Citi with analyst Mark May saying the stock is up 266% from its initial public offering price of $14 just three months ago. 4. Johnson Controls (JCI) downgraded to Neutral from Outperform at Baird with analyst Timothy Wojs saying valuation is fair in light of slower growth, lower free-cash flow conversion, and "choppier" execution. 5. Wingstop (WING) downgraded to Neutral from Outperform at Wedbush with analyst Nick Setyan saying while drivers of "solid" low single-digit same-store sales growth in 2018 exist, current consensus estimates may prove "overly optimistic." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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MET

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UTX

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HPE

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