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JCI

Johnson Controls

$38.73

0.48 (1.25%)

17:47
08/20/18
08/20
17:47
08/20/18
17:47

Johnson Controls initiated with an Equal Weight at Morgan Stanley

Morgan Stanley analyst Joshua Pokrzywinski initiated Johnson Controls with an Equal Weight rating and a price target of $40. The analyst notes that there is little value to the proposed Power Solution business spin-off, and the sale would be dilutive. Pokrzywinski adds that the valuation on the shares looks attractive at about a 30% discount relative to peers.

JCI Johnson Controls
$38.73

0.48 (1.25%)

04/05/18
RBCM
04/05/18
DOWNGRADE
Target $31
RBCM
Underperform
Johnson Controls downgraded to Underperform at RBC Capital on cash flow pressure
As reported earlier, RBC Capital analyst Deane Dray downgraded Johnson Controls to Underperform from Sector Perform and lowered his price target to $31 from $37. Dray cites the company's exposure to additional cash flow pressures in FY18, reduction in FY20 targets, and a market rotation toward "more defensive names". The analyst also does not anticipate the prospective Power Solutions divestiture by Johnson Controls to unlock any "compelling" upside for the stock.
04/05/18
04/05/18
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. Intel (INTC) downgraded to Hold from Buy at Stifel with analyst Kevin Cassidy citing the peaking server central processing unit cycle and valuation for the downgrade. 2. Johnson Controls (JCI) downgraded to Underperform from Sector Perform at RBC Capital with analyst Deane Dray citing the company's exposure to additional cash flow pressures in fiscal 2018, reduction in fiscal 2020 targets, and a market rotation toward "more defensive names." 3. Ryder (R) downgraded to Underweight from Neutral at JPMorgan with analyst Brian Ossenbeck saying he is making a "longer term call on 2019 expectations," which he believes are too high and embed "significant gains on residual values and used truck sales." 4. Ollie's Bargain Outlet (OLLI) downgraded to Neutral from Buy at BofA/Merrill with analyst Elizabeth Suzuki saying valuation is getting "richer," quarterly comps have been decelerating since 2015, and are now expected to be 1%-2% in 2018. 5. Biogen (BIIB), Pfizer (PFE), Biohaven (BHVN), and Myovant Sciences (MYOV) were downgraded to Equal Weight from Overweight at Barclays. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/09/18
SBSH
04/09/18
NO CHANGE
SBSH
Citi recommends Multi-Industry stocks following year-to-date weakness
Citi analyst Andrew Kaplowitz tells investors to take advantage of the year-to-date weakness in Multi-Industry stocks ahead of the Q1 earnings season. U.S. tax reform, a still strong developing market environment and a slowly improving project-based environment should be catalysts for growth, Kaplowitz writes in a research note. The analyst prefers shares of Honeywell (HON), Gardner Denver (GDI), Ingersoll-Rand (IR), Johnson Controls (JCI), 3M (MMM) and Illinois Tool Works (ITW).
06/27/18
WOLF
06/27/18
INITIATION
Target $37
WOLF
Peer Perform
Johnson Controls initiated with a Peer Perform at Wolfe Research
Wolfe Research initiated Johnson Controls with a Peer Perform and price target of $37.

TODAY'S FREE FLY STORIES

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ENB

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HENKY

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CAG

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UQM

UQM Technologies

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SNY

Sanofi

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RTN

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IBCP

Independent Bank

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EDIT

Editas Medicine

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GOOG

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LAD

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CYDY

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ABT

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SFUN

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TS

Tenaris

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PAAS

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AL

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