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JCI — Johnson Controls International News Story

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Johnson Controls rises after Deutsche Bank hikes rating to 'buy'

** Shares of Johnson Controls International JCI.N up 4.5% to $96 premarket

** Deutsche Bank upgrades JCI rating to "buy" from "hold"; raises PT to $112 from $101, a 22% upside to stock's last close

** "JCI's new CEO Joakim Weidemanis already sees significant operational improvement opportunities at JCI after just six weeks on the job" - brokerage

** Brokerage says execution on these opportunities should allow the company to close its long-standing margin gap compared to its key peers over time

** Last week, JCI raised its 2025 profit forecast on sustained demand

** 14 of 23 brokerages rate the stock "buy" or higher and 9 "hold"; their median PT is $97 - LSEG data

** As of last close, stock up 16.5% YTD

(Reporting by Anshuman Tripathy)

((Anshuman.Tripathy@thomsonreuters.com))

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