RBC lifts Johnson Controls PT after upbeat 2026 profit forecast

Johnson Controls International

07/05/2026 11:36

** RBC Capital Markets raise price target on U.S. industrial supplier Johnson Controls International JCI.N to $154 from $139, maintains rating at "sector perform"

** New PT shows an upside of 7.6% from the stock's last close

** Co on Wednesday raised its annual profit forecast above Wall Street estimates

     ** RBC says Johnson Controls is rapidly increasing cooling capacity to meet strong data-center demand

** Brokerage expects co to maintain roughly 70% backlog conversion within 12 months as data-center orders grow

** Barclays also hikes PT to $144 from $136

** 13 of 23 brokerages rate the stock "buy" or higher, 10 "hold"; their median PT is $150 - data compiled by LSEG

** As of last close, stock had risen 19.5% YTD

 (Reporting by Apratim Sarkar in Bengaluru)

 ((Apratim.Sarkar@thomsonreuters.com))