Update Johnson Controls (JCI)

02/04/2010 8:30 am EST


Jim Jubak

Founder and Editor, JubakPicks.com

Shares of Johnson Controls (JCI) were up more than 2% yesterday, February 3, on news that Wal-Mart (WMT) had named Johnson Controls as its sole source provider for its U.S. stores for automotive, marine, motor sport, and lawn and garden batteries Goldman Sachs also upgraded the stock yesterday to neutral from sell.

As of February 4, I’m leaving my target price at $36.27 by July 2010.

Full disclosure: I own shares of Johnson Controls in my personal portfolio.
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