J.P. Morgan Thinks Johnson Controls’ Stock is Going to Recover

J.P. Morgan analyst Stephen Tusa maintained a Buy rating on Johnson Controls (JCIResearch Report) yesterday and set a price target of $50.00. The company’s shares closed last Thursday at $47.43, close to its 52-week low of $46.22.

According to, Tusa is a 5-star analyst with an average return of 10.6% and a 63.7% success rate. Tusa covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and John Bean Technologies.

Currently, the analyst consensus on Johnson Controls is a Strong Buy with an average price target of $65.93, a 37.6% upside from current levels. In a report issued on June 23, Goldman Sachs also maintained a Buy rating on the stock with a $62.00 price target.

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Johnson Controls’ market cap is currently $33B and has a P/E ratio of 27.49.

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Johnson Controls International plc is a diversified technology and multi-industrial company. The company’s operations include creation of intelligent buildings, air systems, HVAC controls, security and fire safety solutions, providing efficient energy solutions, integrated infrastructure, and next-generation transportation systems that work seamlessly together to deliver on the promise of smart cities and communities.

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