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Investing.com - RBC Capital has raised its price target on Johnson Controls (NYSE:JCI) to $114.00 from $112.00 while maintaining a Sector Perform rating on the stock. According to InvestingPro data, the company is currently trading near Fair Value, with analyst targets ranging from $79 to $130.
The price target increase follows Johnson Controls’ quarterly earnings report, which showed a modest 2 cent per share beat, representing a 2% operating performance above expectations.
Johnson Controls has also raised its 2025 guidance by 6 cents per share, or 2%, which is 1% above consensus estimates, according to RBC Capital.
RBC Capital noted that CEO Joakim Weidemanis, who has been in the role for just four months, is still developing his multi-year turnaround plan and conducting business reviews, with further portfolio changes likely forthcoming.
The firm highlighted positives including Johnson Controls’ focus on improving its "chronically lagging" free cash flow conversion closer to peer averages, with a near-term goal of 90%-95%, as well as increased investment in research and development.
In other recent news, Johnson Controls reported its fiscal third-quarter 2025 earnings, surpassing consensus estimates for both revenue and earnings. Despite this positive performance, the company’s shares declined, reflecting investor reactions to mixed results across different regional segments. The company also shared its fiscal fourth-quarter earnings guidance, which aligns with market expectations.
Oppenheimer maintained its Perform rating on Johnson Controls, indicating no change in their outlook following the earnings report. The building technology company continues to navigate the market with results that meet expectations, even as its shares experienced a slight dip. These developments highlight ongoing investor interest and scrutiny in the company’s financial performance and regional market dynamics.
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