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Benzinga

Business

Akanksha Bakshi

Deutsche Bank Tuns Bullish On Johnson Controls

Johnson Controls Deutsche Bank JCI Johnson Controls International PLC NYSE APAC (Location) EMEA Latin America

Johnson Controls International PLC (NYSE:JCI) has been upgraded to Buy from Hold, with a reduced price target of $79 (an upside of 21%), from $80, by Deutsche Bank.
Analyst Nicole DeBlase reduced her EPS estimate for Q2 citing risks from the supply chain, especially in the EMEA, Latin America, and APAC regions.
Related: Analysts Cut Johnson Controls Price Target Post Q1 Results
DeBlase also modestly increased her FY22 estimate.
After the Q1 results in February, DeBlase had lowered the price target to $80 from $84 while maintaining a Hold rating on the shares.
Price Action: JCI shares are trading higher by 1.17% at $65.52 on the last check Thursday.

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