Piper Jaffray Maintains Neutral on Johnson Controls (JCI)

Piper Jaffray is out with its report today on Johnson Controls JCI, maintaining Neutral. In a note to clients, Piper Jaffray writes, "We rate JCI shares Neutral to reflect the stock's balanced risk/reward profile. We believe the company is well-positioned for growth across a number of end market verticals, but at current levels this is largely priced into the stock." Piper Jaffray maintains a $46 PT on JCI. Shares of JCI closed Friday at $39.16, up 0.46$ from Thursday's close.