Wells Fargo analyst Joesph O’Dea raised the firm’s price target on Johnson Controls (JCI) to $90 from $84 and keeps an Overweight rating on the shares. The firm says Q4 was another quarter of solid operational execution. The disc ops impact from RLC HVAC exit was largely as expected, as was the initial 2025 guide. Shifting the portfolio to Johnson Controls’ strengths plus delivering on operational execution is encouraging, Wells adds.
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Read More on JCI:
- Johnson Controls Exceeds Q4 Expectations with Strong Growth
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