Cowen & Co. Keeps a Buy Rating on Johnson Controls

By Ryan Adsit

In a report released today, Gautam Khanna from Cowen & Co. reiterated a Buy rating on Johnson Controls (NYSE: JCI), with a price target of $52. The company’s shares opened today at $41.38.

Khanna observed:

“We met with JCI’s COO Oliver & CFO Stief, who, consistent with comments on the Q2.”

According to TipRanks.com, Khanna is a 4-star analyst with an average return of 8.7% and a 66.7% success rate. Khanna covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Allegheny Technologies.

Johnson Controls has an analyst consensus of Moderate Buy, with a price target consensus of $48.57.

The company has a one year high of $46.17 and a one year low of $37.27. Currently, Johnson Controls has an average volume of 4.46M.

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Johnson Controls International Plc creates intelligent buildings, efficient energy solutions, integrated infrastructure and next generation transportation systems that work together to deliver on the promise of smart cities and communities. The company was established in 1885 and is headquartered in Cork, Ireland.