Saturday, November 26, 2011

Johnson Controls (NYSE:JCI) Gets Slovak Help

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tdp2664 E money daily Johnson Controls (NYSE:JCI) has got State Aid from the Slovak Cabinet. Johnson Controls (NYSE:JCI) Gets Slovak Help It has been reported that the Slovak government has approved 45.8 million euros ($61.3 million) in state aid for Johnson Controls Inc. (JCI), the U.S. maker of car parts, and eight other companies. In an official statement Johnson Controls (NYSE:JCI) said that, "The Cabinet granted Johnson Controls tax breaks and cash subsidies worth 5.7 million euros in exchange for expanding production in Namestovo, northern Slovakia, creating 251 jobs. Johnson Controls (NYSE:JCI) will invest about 19 million euros in the project". Johnson Controls (NYSE:JCI) shares were at 27.77 at the end of the last day’s trading. There’s been a -10.3% movement in the stock price over the past 3 months. Johnson Controls (NYSE:JCI) Analyst Advice Consensus Opinion: Moderate Buy Mean recommendation: 1.44 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.63 Zack’s Rank: 3 out of 34 in the industry



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