Wells Fargo Maintains Overweight on Johnson Controls Intl, Lowers Price Target to $64
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Joe O'Dea has maintained an Overweight rating on Johnson Controls International (JCI) but reduced the price target from $65 to $64.
January 31, 2024 | 3:09 pm
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NEUTRAL IMPACT
Wells Fargo maintains an Overweight rating on JCI but lowers the price target from $65 to $64, indicating a positive outlook with a slightly reduced growth expectation.
The reduction in price target is minor, suggesting a slight adjustment in growth expectations rather than a significant change in company outlook. The Overweight rating indicates that Wells Fargo still sees JCI as a good investment, but the lowered price target may cause some investors to adjust their expectations, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100