Johnson Controls remains top automotive idea, says RW Baird

June 20, 2014

Baird said Johnson Controls remains their top automotive idea, citing recent transactions that the firm thinks should cause analysts to raise future estimates. The firm sees strong cash flow and the leveraging of revenue/cost synergies from its recent transactions setting the stage for several years of steadily improving earnings and keeps its Outperform rating and $60 price target on the stock.