Morgan Stanley Provides Color on Johnson Controls, Overweight

Morgan Stanley provided color on Johnson Controls JCI. In a research report published today, Morgan Stanley expressed its belief that the company's share price might go up since it has been trading off recently. In the report, Morgan Stanley states, "We believe the share price will rise relative to the industry over the next 30 days. This is because the stock has traded off recently, making short term valuation much more compelling... We estimate that there is about a 70% to 80% or "very likely" probability for the scenario." At the moment, Morgan Stanley has an Overweight rating placed on the company's stock. On Tuesday, Johnson Controls added 3.08% to its value to finish the day at $38.54.