TD Cowen raised the firm’s price target on Johnson Controls to $70 from $62 and keeps a Buy rating on the shares. The firm updated its price target ahead of what they expect to be mixed Q1 results as HVAC demand remains strong despite unremarkable weather during the quarter and the continuation of resi de-stocking.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JCI:
- Johnson Controls price target raised to $61 from $59 at Barclays
- Johnson Controls downgraded to Neutral from Buy at Mizuho
- Apple, Tesla downgraded: Wall Street’s top analyst calls
- Johnson Controls cut to Hold at Argus on valuation, reduced growth outlook
- Johnson Controls downgraded to Hold from Buy at Argus
