Johnson Controls (JCI) PT Raised to $44 at Cowen

November 8, 2019 8:27 AM EST
Get Alerts JCI Hot Sheet
Price: $75.31 -0.61%

Rating Summary:
    26 Buy, 10 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 8 | New: 9
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Cowen analyst Gautam Khanna raised the price target on Johnson Controls (NYSE: JCI) to $44.00 (from $38.00) while maintaining a Market Perform rating.

The analyst commented, "Q4 results were "good enough", with field orders +5% (vs. +9% comp), a decent initial F20 adj. EPS/cash guide, & upbeat end market commentary. Our new PT is $44, reflecting an 5.5% F20E "adjusted" FCF yield."

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