BUZZ-RBC lifts Johnson Controls PT after upbeat 2026 profit forecast
Johnson Controls International plc JCI | 0.00 |
** RBC Capital Markets raise price target on U.S. industrial supplier Johnson Controls International JCI.N to $154 from $139, maintains rating at "sector perform"
** New PT shows an upside of 7.6% from the stock's last close
** Co on Wednesday raised its annual profit forecast above Wall Street estimates
** RBC says Johnson Controls is rapidly increasing cooling capacity to meet strong data-center demand
** Brokerage expects co to maintain roughly 70% backlog conversion within 12 months as data-center orders grow
** Barclays also hikes PT to $144 from $136
** 13 of 23 brokerages rate the stock "buy" or higher, 10 "hold"; their median PT is $150 - data compiled by LSEG
** As of last close, stock had risen 19.5% YTD
