RBC Capital raised the firm’s price target on Johnson Controls (JCI) to $86 from $81 and keeps a Sector Perform rating on the shares. The company reported a solid earnings quality in Q4, with good incrementals and free cash flow, strong datacenter growth, and 700 bps of margin expansion in Global Products, though the risk-reward looks balanced at the current valuation, the analyst tells investors in a research note.
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Read More on JCI:
- Johnson Controls price target raised to $87 from $86 at Oppenheimer
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