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Upgrade Alert for Johnson Controls (JCI)

By Shiri Gupta

Johnson Controls (NYSE:JCI) was upgraded from Neutral to Outperform at Credit Suisse today. The stock closed yesterday at $43.88 on volume of 5.6 million shares, above average daily volume of 4.2 million.

In the past 52 weeks, shares of Johnson Controls have traded between a low of $33.62 and a high of $54.52 and closed yesterday at $43.88, which is 31% above that low price. The 200-day and 50-day moving averages have moved 0.33% lower and 1.10% higher over the past week, respectively.

Johnson Controls (NYSE:JCI) has potential upside of 19.7% based on a current price of $43.88 and analysts' consensus price target of $52.53. Johnson Controls shares have support at the 200-day moving average (MA) of $40.61 and additional support at the 50-day MA of $38.90.

Johnson Controls, Inc. markets automotive systems and building controls. The Company supplies seating systems, interior systems, and batteries. Johnson Controls also provides building control systems and services, energy management, and integrated facility management, as well as provides batteries for automobiles and hybrid electric vehicles.

SmarTrend recommended that subscribers consider buying shares of Johnson Controls on February 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.77. Since that recommendation, shares of Johnson Controls have risen 16.2%. We continue to monitor JCI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades Johnson Controls

Ticker(s): JCI