Deutsche Bank Downgrades Johnson Controls Intl to Hold, Announces $60 Price Target
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Nicole Deblase has downgraded Johnson Controls International (JCI) from Buy to Hold and set a price target of $60. This reflects a more cautious stance on the stock's near-term prospects.
January 31, 2024 | 10:23 am
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NEUTRAL IMPACT
Johnson Controls International was downgraded by Deutsche Bank from Buy to Hold with a price target of $60, indicating a neutral outlook on the stock's performance.
Downgrades by major banks can lead to a negative investor sentiment in the short term, potentially causing a pause in the stock's upward momentum. However, the establishment of a price target suggests that the stock is not expected to decline significantly, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100