Johnson Controls price target raised to $140 from $135 at RBC Capital

RBC Capital analyst Deane Dray raised the firm’s price target on Johnson Controls (JCI) to $140 from $135 and keeps a Sector Perform rating on the shares. The company reported a solid 5% operating beat vs. estimates and raised FY 26 guidance as Datacenter drove the outsized 39% total-company order growth while its newest chiller was showcased, the analyst tells investors in a research note. RBC adds it continues to be impressed with the free cash flow turnaround happening at the company.