Johnson Controls' (NYSE:JCI) recent strategic review and outlook failed to convince the market, with the stock down around 7% in the two days' trading afterward. The negative issues look stock-specific rather than any kind of warning on its end market, and rivals such as United Technologies (NYSE:UTX) and Ingersoll-Rand Plc (NYSE:IR) shouldn't be unduly worried by what Johnson Controls' management said. However, a deeper dive into the company's guidance suggests management may be taking a rosy view on its prospects in China in 2016. Let's take a closer look.
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READ THE FULL EQUITY RESEARCH ARTICLE LINKED
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