HSBC Downgrades Johnson Controls Intl to Hold, Announces $60 Price Target
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Puneet Garg has downgraded Johnson Controls International (JCI) from Buy to Hold and set a price target of $60.
January 31, 2024 | 3:11 pm
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NEGATIVE IMPACT
HSBC downgraded Johnson Controls International from Buy to Hold with a new price target of $60.
Downgrades by analysts can lead to a negative perception among investors and may result in a short-term decline in the stock price. The new price target of $60 provides a reference point that may influence investor expectations and trading behavior.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100