Deutsche Bank Provides Color on Johnson Control, Hold

Deutsche Bank provided color on Johnson Control JCI. In a research report published today, Deutsche Bank stressed its belief that the company's analyst day may provide a lot of steam for the company's stock, in the near-term at least. In a research report published today, Deutsche Bank states, "We believe that JCI's upcoming Power Solutions analyst day could serve as a near-term catalyst for the stock, as it should provide investors with greater detail and confidence in the company's growth and margin expansion prospects (we would note that secular growth stories should have particularly strong appeal in a weak cyclical environment). Industry and company specific trends continue to suggest that JCI's Power Solutions segment is on track for 10%-12% revenue growth and annual segment margin expansion of 100bps." At the moment, Deutsche Bank has a Hold rating placed on the company's stock. On Monday, Johnson Controls finished the day at $37.39.