Barclays raised the firm’s price target on Johnson Controls (JCI) to $83 from $75 and keeps an Equal Weight rating on the shares. Amid a “slightly brighter demand outlook” for short cycle industrial goods, the firm adjusted ratings in the U.S. multi-industry group as part of a 2025 outlook. Short cycle industrial goods are likely to be the key area of acceleration in 2025, the analyst tells investors in a research note. The firm says valuations are now at or approaching all-time highs for most stocks, “despite / because of all-time high earnings.”
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Read More on JCI:
- Johnson Controls Expands Financial Market Presence
- Johnson Controls’ Divestiture Strategy: Navigating Operational Risks and Financial Implications
- Johnson Controls assumed with a Neutral at UBS
- Johnson Controls price target raised to $86 from $81 at RBC Capital
- Johnson Controls price target raised to $87 from $86 at Oppenheimer
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