Barclays Maintains Equal-Weight on Johnson Controls Intl, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Julian Mitchell has maintained an Equal-Weight rating on Johnson Controls International (JCI) but has reduced the price target from $64 to $60.

December 13, 2023 | 11:52 am
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NEGATIVE IMPACT
Barclays has maintained an Equal-Weight rating on JCI but lowered the price target from $64 to $60, indicating a potential downside or slower growth expectation.
The reduction in price target by a notable analyst like Julian Mitchell from Barclays can lead to a negative perception among investors, potentially causing a short-term dip in JCI's stock price. The Equal-Weight rating suggests that the stock is expected to perform in line with the sector or the overall market, but the lowered price target implies that the expected performance may not be as strong as previously anticipated.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100