Vertical Research Downgrades Johnson Controls Intl to Hold, Announces $55 Price Target
Portfolio Pulse from Benzinga Newsdesk
Vertical Research analyst Jeffrey Sprague has downgraded Johnson Controls Intl (NYSE:JCI) from Buy to Hold and set a price target of $55.
December 13, 2023 | 9:30 am
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NEUTRAL IMPACT
Johnson Controls Intl was downgraded by Vertical Research from Buy to Hold with a price target of $55.
Downgrades typically lead to a negative perception among investors, potentially causing short-term price declines. However, the price target of $55 may cushion any negative impact if it is above the current trading price. The exact short-term impact will depend on current market sentiment and the previous trading price.
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