Morgan Stanley Maintains Overweight on Johnson Controls Intl, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joshua Pokrzywinski has maintained an 'Overweight' rating on Johnson Controls Intl (NYSE:JCI) but lowered the price target from $73 to $70.
September 22, 2023 | 12:17 pm
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Morgan Stanley has maintained an 'Overweight' rating on Johnson Controls Intl but lowered the price target from $73 to $70.
The news is directly about Johnson Controls Intl (JCI). The 'Overweight' rating suggests that Morgan Stanley expects the stock to outperform the market, which is positive. However, the lowering of the price target from $73 to $70 might create some uncertainty among investors, potentially putting some downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100