Wunderlich Securities Reiterates Johnson Controls Buy, $45 PT

Wunderlich Securities reiterated its Johnson Controls JCI Buy rating and $45 price target in a research report published today. In the report, Wunderlich Securities states, "This is one of the more stable green technology companies in our universe and, from the perspective of energy-saving segments, more than 40% of the revenue comes from lowering energy costs for others or lowering carbon footprints." Shares of Johnson Controls were trading at $39.74 at the time of posting, down 4.26% from Tuesday's market close.