Piper Jaffray Reiterates Overweight Rating On Johnson Controls

According to Piper Jaffray, Johnson Controls JCI Overweight rating is reiterated. Piper Jaffray said that it is reiterating its Overweight rating following JCI's Power Solutions (battery) focused analyst/investor day. “Margin expansion in Power Solutions – fueled by vertical integration & start-stop – presents significant earnings catalysts. We are incrementally more confident in $4.50 earnings power by FY14. Our PT goes from $50 to $51.” Johnson Controls closed yesterday at $39.52.