Ascendiant Capital Initiates Johnson Controls With Buy

Analysts at Ascendiant Capital initiated coverage on Johnson Controls Inc. (NYSE: JCI) with a Buy rating.

The target price for Johnson Controls is set to $68.

Johnson Controls shares have dropped 4.96% over the past 52 weeks, while the S&P 500 index has gained 13.38% in the same period.

Johnson Controls' shares rose 0.58% to close at $48.50 yesterday.