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.
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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
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