Barclays Maintains Equal-Weight on Johnson Controls Intl, Lowers Price Target to $59
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 $60 to $59.

January 31, 2024 | 10:50 am
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Barclays analyst Julian Mitchell maintains an Equal-Weight rating on JCI and lowers the price target from $60 to $59.
The reduction in price target by Barclays reflects a slightly less optimistic valuation of JCI, which could lead to a neutral short-term impact on the stock price. The maintenance of an Equal-Weight rating suggests that the analyst sees the company's stock as fairly valued at its current level, indicating no significant change in stock performance is expected immediately.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100