Johnson Controls (JCI -3.3%) trades lower after missing FQ1 estimates and lowering FY12 guidance...

|About: Johnson Controls, Inc. (JCI)|By:, SA News Editor

Johnson Controls (JCI -3.3%) trades lower after missing FQ1 estimates and lowering FY12 guidance yesterday. JP Morgan and Needham both downgrade the shares on the back of the report, citing the company's reduced earnings visibility, softening markets and the potential for additional cuts in guidance.