BofA has revised its price target for Johnson Controls (JCI, Financial), lowering it from $100 to $95 while maintaining a Buy rating on the shares. This adjustment reflects the bank's anticipation of Q1 earnings meeting or exceeding expectations within its Industrials/Multi-Industry sector coverage.
Despite the optimistic earnings outlook, BofA is adjusting its forecasts due to lingering uncertainties and the impact of tariffs. This comes even after the recent declaration of a 90-day hiatus on reciprocal tariffs, announced on April 9. The move suggests a cautious approach by BofA in response to ongoing economic pressures that might affect future performance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for Johnson Controls International PLC (JCI, Financial) is $92.90 with a high estimate of $105.00 and a low estimate of $79.00. The average target implies an upside of 19.53% from the current price of $77.72. More detailed estimate data can be found on the Johnson Controls International PLC (JCI) Forecast page.
Based on the consensus recommendation from 23 brokerage firms, Johnson Controls International PLC's (JCI, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Johnson Controls International PLC (JCI, Financial) in one year is $72.59, suggesting a downside of 6.6% from the current price of $77.72. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Johnson Controls International PLC (JCI) Summary page.
