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Benzinga
Benzinga
Business
Akanksha Bakshi

Deutsche Bank Tuns Bullish On Johnson Controls

  • Johnson Controls International PLC (NYSE:JCI) has been upgraded to Buy from Hold, with a reduced price target of $79 (an upside of 21%), from $80, by Deutsche Bank.
  • Analyst Nicole DeBlase reduced her EPS estimate for Q2 citing risks from the supply chain, especially in the EMEA, Latin America, and APAC regions.
  • RelatedAnalysts Cut Johnson Controls Price Target Post Q1 Results
  • DeBlase also modestly increased her FY22 estimate.
  • After the Q1 results in February, DeBlase had lowered the price target to $80 from $84 while maintaining a Hold rating on the shares.
  • Price Action: JCI shares are trading higher by 1.17% at $65.52 on the last check Thursday.
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