Goldman Sachs raised the firm’s price target on Johnson Controls (JCI) to $142 from $124 and keeps a Buy rating on the shares after its Q4 earnings beat. The company reported segment EBITA that was 3% above consensus driven by better than expected growth across all geographies, the analyst tells investors in a research note. The firm adds that Johnson Controls’ guide is achievable amid momentum in Applied HVAC and aftermarket remaining strong.
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