Johnson Controls EPS poised to accelerate further, says Buckingham Buckingham believes that Johnson Controls has a number of upcoming positive catalysts, and the firm thinks the company's EPs acceleration is in its early innings. The firm continues to expect the company's EPS to exceed $5.00 in the medium term and reiterates a Buy rating.
Johnson Controls upgraded to Buy from Neutral at UBS UBS upgraded Johnson Controls to Buy citing seating margin expansion and recovering sales for the company's Building Efficiency business. UBS also believes Johnson could be pushed to break the company up, which it feels could drive value. It raised its price target for shares to $59 from $51.