JP Morgan Lowers JCI PT To $44

JP Morgan has issued a report lowering the Price Target on Johnson Controls JCI from $46 to $44 a share. According to the report, "While JCI's quarter was a beat, we sensed a greater degree of management concern than we'd previously noticed about Building Efficiency division pricing and end-market demand." JCI has an Overweight Rating and closed at $39.69 a share yesterday.