Jim Cramer -- Johnson Controls Has More Upside

Shares of Johnson Controls (JCI) are short of its 52-week high, with shares up roughly 2% Tuesday. Part of that driving force is a really good call by the analysts at Credit Suisse, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Stop Trading" segment. 

The analysts put the stock on its U.S. Focus List and assigned a $52 price target, citing multiple short-term catalysts. 

Cramer was in agreement, saying the company is set to close its Tyco (TYC) acquisition on Sept. 2 -- a deal he has been "raving" about -- and has an analyst meeting on Sept. 15. 

The industrial sector has been doing really well and Johnson Controls could become the go-to name within the group, he reasoned. While shares have done well over the past few months, they have been lagging over the past several years, Cramer added. 

"This is one you can still buy," Cramer concluded. 

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

 

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