JCI--Johnson Controls (NYSE) Message Board

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Non-Tech : JCI--Johnson Controls (NYSE)

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To: kendall harmon who wrote (3)	1/14/2000 11:13:00 AM
From: Jorjenzak	of 10

CHICAGO, Jan 13 (Reuters) - Midwest Research said in a research note Thursday that it raised its rating on shares of Johnson Controls Inc. (NYSE:JCI - news), a maker of automotive systems, batteries and building control products, to ''buy'' and increased its earnings estimates for the company. -- Analyst Andrew Casey raised his earnings estimate for Johnson Controls in the fiscal first quarter ended Dec. 31 to $1.05 per share from $0.99. -- He also raised his 2000 earnings estimate to $4.80 per share from $4.70, and his 2001 estimate to $5.40 per share from $5.10. -- On Monday the company said it expected to beat market expectations in its fiscal first quarter by posting earnings 22 percent higher than the 86 cents per share it earned last year. -- Casey said the company continues to roll out new technology that should enable Johnson Controls to capture business in automotive applications, adding to near-term revenue gains. -- In the long term, the company's partnerships with other firms are allowing it to position itself quickly in key technological areas, he said. -- Shares of Milwaukee-based Johnson Controls rose 2-3/4 to 63 on the New York Stock Exchange in afternoon trade.

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