Oppenheimer Maintains Outperform on Johnson Controls Intl, Lowers Price Target to $78
Portfolio Pulse from richadhand@benzinga.com
Oppenheimer analyst Noah Kaye has maintained an 'Outperform' rating on Johnson Controls Intl (NYSE:JCI) but lowered the price target from $79 to $78.
August 04, 2023 | 1:06 pm
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Johnson Controls Intl's price target has been lowered from $79 to $78 by Oppenheimer, though the 'Outperform' rating is maintained.
The lowering of the price target by $1 might have a slight negative impact on the stock's price in the short term. However, the maintenance of the 'Outperform' rating indicates that the analyst still sees potential for the stock to perform well, which could offset any negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100