Positive Outlook for Johnson Controls: Strong Growth and Raised Sales Outlook Justify Buy Rating

Johnson Controls (JCI – Research Report), the Industrials sector company, was revisited by a Wall Street analyst on April 29. Analyst Joe O’Dea from Wells Fargo maintained a Buy rating on the stock and has a $82.00 price target.

Joe O’Dea has given his Buy rating due to a combination of factors including the strong correlation between HON BA and Johnson Controls’ organic growth. The Building Automation segment has shown impressive year-over-year growth for two consecutive quarters, with significant increases in both Solutions and Products.
The company’s management has also raised its sales outlook for 2025, reflecting confidence in continued performance. Additionally, the positive trend in order growth, with four consecutive quarters of year-over-year increases, supports the potential for earnings per share upside. These factors collectively suggest a favorable outlook for Johnson Controls, justifying the Buy rating.

In another report released on April 14, Bank of America Securities also maintained a Buy rating on the stock with a $95.00 price target.

Based on the recent corporate insider activity of 128 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.