- 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.
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