Reuters logo
Johnson Controls shares could rise 20 pct -Barron's
July 14, 2014 / 12:36 AM / in 3 years

Johnson Controls shares could rise 20 pct -Barron's

July 13 (Reuters) - Johnson Controls, the U.S. industrial conglomerate, could see its shares rise 20 percent within the next 12-18 months, partly thanks to a joint venture with China’s state-owned car maker, SAIC Motor, according to Barron’s financial newspaper.

In May, Johnson Controls entered its slow growing auto interior business into a joint venture with China’s SAIC. Johnson receives a 30 percent stake in the venture, which will generate about $7.5 billion in annual revenue when it gets started in 2015.

Johnson’s CEO, Alex Molinaroli, has also increased the company’s dividend by 16 percent and begun a $3 billion share repurchase program, the newspaper said. (Reporting by Liana B. Baker; Editing by Sandra Maler)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below