Mizuho downgraded Johnson Controls to Neutral from Buy with an unchanged $62 price target. The stock has risen 20% from its October 2023 lows, though the company’s quarterly performance, and expectations thereof, have been uneven, failing to inspire any confidence in its ability to consistently execute and improve cash generation, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on JCI:
- 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
- Johnson Controls price target raised to $71 from $65 at JPMorgan
- Trane price target raised to $246 from $231 at RBC Capital
