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 Intl (JCI) and lowered the price target from $61 to $59.

May 02, 2024 | 5:52 pm
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Barclays maintains an Equal-Weight rating on Johnson Controls Intl and lowers the price target from $61 to $59.
The reduction in price target by Barclays, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in JCI's stock price. The maintenance of an Equal-Weight rating indicates that the analyst sees the company as fairly valued at its current price, but the lowered price target suggests a recalibration of the stock's future valuation expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100