Johnson Controls upgraded to Buy at Melius Research after pullback

3 days ago 5

TipRanks

Thu, January 8, 2026 astatine 6:46 AM CST 1 min read

As antecedently reported, Melius Research upgraded Johnson Controls (JCI) to Buy from Hold with a $148 terms people with the catalyst successful portion being yesterday’s correction pursuing comments from Nvidia (NVDA) astatine CES astir aboriginal cooling architectures that volition reduce, oregon perchance eliminate, the request for chillers. While the steadfast does not expect this “smart” improvement to beryllium arsenic antagonistic for cooling suppliers arsenic the banal reactions would suggest, the drivers of the existent applied HVAC “supercycle” are “far broader than conscionable information center,” contends the analyst, who besides upgraded Trane (TT) to Buy connected the aforesaid rationale.

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Johnson Controls upgraded to Buy from Hold astatine Melius Research
Johnson Controls terms people raised to $125 from $119 astatine Barclays
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