S&P Gives Johnson Controls Thumbs Up
NEW YORK (
) -- Auto-supplier
Johnson Controls
(JCI) - Get Report
has received another thumbs up from S&P analyst Efraim Levy.
"Long-term prospects for JCI's automotive business should be enhanced by the rising number of vehicles being produced and sold globally, and by automakers seeking to do business with fewer, larger suppliers," Levy notes. "Also, the facilities management business should benefit from new customers, especially in expanding emerging markets."
S&P reiterates a strong buy opinion on Johnson Controls stock and increases its 12-month
by $2 to $39. S&P recommends buying Johnson Controls stock for capital appreciation potential.
S&P initiates its fiscal year 2011 earnings per share estimate for Johnson Controls at $2.19, while the Street consensus estimate so far is $2.28 per share.
Johnson Controls
(JCI) - Get Report
stock settled the Thursday trading session 1.2% higher at $31.60.
-- Reported by Andrea Tse in New York
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