UBS upgraded Johnson Controls International PLC (NYSE:JCI) to Buy from Neutral, raising its price target to $103, citing new leadership and strong profit improvement potential, News.az reports citing Xinhua.
Analysts see 20% upside, highlighting the appointment of Joakim Weidemanis as CEO, whose past leadership at Danaher (NYSE:DHR) drove 600 basis points of operating margin gains. UBS believes recent strategic divestitures will help streamline operations and improve profitability.
“We are positive on the appointment of a new, outsider CEO Joakim Weidemanis,” analyst said.
With strong demand in commercial HVAC and a path to higher-margin services, the firm projects 6% EPS growth above consensus by 2028, reinforcing confidence in JCI’s long-term structural improvements.
