Analyst Andrew Obin of Bank of America Securities maintained a Buy rating on Johnson Controls (JCI – Research Report), retaining the price target of $95.00.
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Andrew Obin has given his Buy rating due to a combination of factors including Johnson Controls’ strong financial performance and strategic leadership changes. The company’s first quarter of fiscal year 2025 showed impressive operational results, with earnings per share surpassing both consensus and internal forecasts. Notably, the Building Solutions segment experienced significant year-over-year order growth across various regions, highlighting robust demand.
Another key factor is the appointment of Joakim Weidemanis as the new CEO, which is anticipated to drive further strategic simplification and enhance competitiveness in the market. The updated guidance for EPS and revenue growth exceeds market expectations, suggesting a positive outlook. Consequently, these developments are expected to help close the valuation gap with industry peers, reinforcing the Buy rating for Johnson Controls’ stock.
Based on the recent corporate insider activity of 116 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of JCI in relation to earlier this year.