Oppenheimer analyst Noah Kaye raised the firm’s price target on Johnson Controls (JCI) to $96 from $90 and keeps an Outperform rating on the shares. The firm notes shares traded up modestly Wednesday after the company beat Q2 top-/bottom-line consensus and raised FY25 adjusted EPS midpoint 1% above the Street.
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Read More on JCI:
- Johnson Controls price target raised to $90 from $84 at Baird
- Johnson Controls price target raised to $100 from $82 at Wells Fargo
- Strategic Initiatives and Financial Improvements Drive Buy Rating for Johnson Controls
- Johnson Controls: Strong Performance and Strategic Direction Underpin Buy Rating
- Johnson Controls Reports Strong Q2 Results and Raises FY25 Guidance