Deutsche Bank Tuns Bullish On Johnson Controls

March 24, 2022 12:08 PM | 1 min read |

Johnson Controls International PLC 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.