UBS analyst Amit Mehrotra upgraded Johnson Controls (JCI) to Buy from Neutral with a price target of $103, up from $90, implying about 20% upside from current levels. The firm is positive on the appointment of a new, outsider CEO Joakim Weidemanis. UBS now has greater confidence in Johnson’s profit improvement potential. Recent strategic divestitures combined with new management “allows for more tangible progress,” and an analysis indicates the company’s earnings per share could reach $6 per share in fiscal 2028, 6% above consensus, the analyst tells investors in a research note.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JCI:
- Johnson Controls Buy Rating: New Leadership and Strategic Divestitures Drive Positive Outlook
- Johnson Controls Reinforces Financial Market Presence with Senior Notes Update
- Johnson Controls Kicks Off Strong Fiscal 2025
- Johnson Controls price target raised to $88 from $83 at Barclays
- Johnson Controls price target raised to $93 from $86 at RBC Capital