Wells Fargo Maintains Overweight Rating for Johnson Controls Intl: Here's What You Need To Know

Wells Fargo has decided to maintain its Overweight rating of Johnson Controls Intl JCI and raise its price target from $69.00 to $74.00.

Shares of Johnson Controls Intl are trading up 1.58% over the last 24 hours, at $67.95 per share.

A move to $74.00 would account for a 8.9% increase from the current share price.

About Johnson Controls Intl

Johnson Controls manufactures, installs, and services HVAC systems, building management systems and controls, industrial refrigeration systems, and fire and security solutions. Commercial HVAC accounts for about 40% of sales, fire and security also represents 40% of sales, and residential HVAC, industrial refrigeration, and other solutions account for the remaining 20% of revenue. In fiscal 2022, Johnson Controls generated over $25 billion in revenue.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.