Wells Fargo analyst Joesph O’Dea lowered the firm’s price target on Johnson Controls to $64 from $65 and keeps an Overweight rating on the shares. The firm hoped Q1 would raise confidence in 2024 expectations. Instead, it dented it, with guidance dropping 5c and 2Q guide below consensus, Wells says.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on JCI:
- Johnson Controls (NYSE:JCI) Tanks on Soft Q1 Print
- Johnson Controls weighing sale of about $5B in HVAC assets, Bloomberg says
- Johnson Controls put volume heavy and directionally bearish
- Johnson Controls up 2% as Bloomberg says company weighing $5B in asset sales
- Johnson Controls appoints Marc Vandiepenbeeck as CFO