Mizuho raises Johnson Controls PT after Q2 results beat estimates

Johnson Controls International

08/05/2025 13:14

** Mizuho raises price target on liquid cooling systems maker Johnson Controls International JCI.N to $90 from $80

** The new target price shows a marginal 0.2% upside to the stock's last close

** Says data center growth remains robust, still the fastest growing vertical

** Adds co's solid operational momentum continues with global products levering well

     ** "New CEO Mr. Joakim Weidemanis appears to be integrating nicely into JCI's sprawling organization having only been in the role for eight weeks," says Mizuho

** Reiterates "neutral" rating on stock

** Mizuho raises 2025 EPS forecast to $3.60 from $3.52

** Shares are flat at $90 in premarket trading

** Thirteen of 23 brokerages rate the stock "buy" or higher, 10 "hold"; their median PT is $90 - data compiled by LSEG

** As of last close, stock had risen 14% YTD

 (Reporting by Apratim Sarkar)

 ((Apratim.Sarkar@thomsonreuters.com))