Barclays raised the firm’s price target on Johnson Controls (JCI) to $88 from $83 and keeps an Equal Weight rating on the shares following quarterly results. The firm also raised its EPS estimates. Barclays says that this was a “very encouraging” set of results and outlook. However, the valuation vs Carrier Global (CARR) and Trane (TT) does not suggest an “easy” upside, the firm argues.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JCI:
- Johnson Controls price target raised to $93 from $86 at RBC Capital
- Johnson Controls price target raised to $94 from $87 at Oppenheimer
- Johnson Controls price target raised to $92 from $85 at Baird
- Johnson Controls Reports Robust Q1 2025 Results
- Johnson Controls Announces New CEO and Leadership Changes