Oppenheimer Maintains Outperform on Johnson Controls Intl, Lowers Price Target to $66
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Noah Kaye maintains an Outperform rating on Johnson Controls Intl (NYSE:JCI) but has lowered the price target from $78 to $66.
October 23, 2023 | 4:56 pm
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Johnson Controls Intl's price target has been lowered from $78 to $66 by Oppenheimer, though the Outperform rating is maintained.
The lowering of the price target by Oppenheimer could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintenance of the Outperform rating indicates that the analyst still sees potential upside for the stock, which could counterbalance the negative sentiment to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100