Argus Research Downgrades Johnson Controls Intl to Hold
Portfolio Pulse from Benzinga Newsdesk
Argus Research analyst John Eade downgraded Johnson Controls Intl (JCI) from Buy to Hold, indicating a shift in the firm's outlook on the stock.
February 20, 2024 | 4:09 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Johnson Controls Intl was downgraded from Buy to Hold by Argus Research analyst John Eade, suggesting a more cautious view on the stock's near-term prospects.
Analyst downgrades typically lead to a negative short-term impact on the stock price as they suggest a less optimistic outlook on the company's future performance. Given the downgrade is from Buy to Hold, it indicates a shift to a neutral stance, which could lead investors to reconsider their positions in JCI, potentially leading to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100