Barclays raised the firm’s price target on Johnson Controls (JCI) to $88 from $83 and keeps an Equal Weight rating on the shares following quarterly results. The firm also raised its EPS estimates. Barclays says that this was a “very encouraging” set of results and outlook. However, the valuation vs Carrier Global (CARR) and Trane (TT) does not suggest an “easy” upside, the firm argues.
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