Barclays Downgrades Johnson Controls Intl to Equal-Weight, Announces $70 Price Target
Portfolio Pulse from richadhand@benzinga.com
Barclays analyst Julian Mitchell downgrades Johnson Controls Intl (NYSE:JCI) from Overweight to Equal-Weight and announces a $70 price target.
June 01, 2023 | 9:43 am
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Barclays downgraded Johnson Controls Intl (NYSE:JCI) to Equal-Weight and set a $70 price target.
The downgrade from Overweight to Equal-Weight by Barclays analyst Julian Mitchell indicates a less optimistic outlook for Johnson Controls Intl. This could lead to a short-term negative impact on the stock price as investors may adjust their positions based on the new rating and price target.
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