Citigroup Maintains Neutral on Johnson Controls Intl, Raises Price Target to $61
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Andrew Kaplowitz has maintained a Neutral rating on Johnson Controls International (JCI) and increased the price target from $58 to $61.

December 11, 2023 | 5:12 pm
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Citigroup analyst Andrew Kaplowitz maintains a Neutral rating on JCI but raises the price target from $58 to $61.
The adjustment in price target by Citigroup reflects a slightly more positive outlook on JCI's valuation, but the maintenance of a Neutral rating suggests that the analyst does not see significant momentum or changes in fundamentals to drive a more bullish stance. This could lead to a modest positive reaction in the short term as the market digests the new price target, but the neutral stance is likely to temper any significant stock movement.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100