Johnson Controls price target raised to $95 from $80 at BofA

BofA raised the firm’s price target on Johnson Controls to $95 from $80 and keeps a Buy rating on the shares as the firm moved out the basis for its price target by a year. The higher price target reflects peer re-rating and Johnson Controls’ exposure to the fast growing data center market and the firm’s Buy reflects positive end market exposure and valuation, the analyst tells investors.