Cowen Upgrades Johnson Controls (JCI) to Outperform

May 14, 2020 6:05 AM EDT
Get Alerts JCI Hot Sheet
Price: $72.00 +1.84%

Rating Summary:
    26 Buy, 10 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 21 | Down: 13 | New: 29
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Cowen analyst Gautam Khanna upgraded Johnson Controls (NYSE: JCI) from Market Perform to Outperform with a price target of $36.00 (from $44.00).

The analyst comments "We are upgrading our rating on JCI shares to Outperform from Market Perform, given its relative margin resilience vs. peers through the COVID-19 recession, & the opportunity for valuation/sentiment to improve. Many attributes of the longstanding JCI bear thesis now are invalid."

For an analyst ratings summary and ratings history on Johnson Controls click here. For more ratings news on Johnson Controls click here.

Shares of Johnson Controls closed at $27.22 yesterday.

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