Jefferies Downgrades Johnson Controls (JCI) to Hold

Jefferies analyst Stephen Volkmann downgraded Johnson Controls (NYSE: JCI) from Buy to Hold with a price target of $120.00.

The analyst comments: "Since the market bottom in April, shares of JCI have outperformed the XLI by 18% and now trade at ~18.5x F2026E EBITDA. Street outlooks for '26/27 have been increased in anticipation of margin expansion from as yet undetailed LEAN initiatives to be announced by the new CEO. Our Buy rating has been predicated on JCI closing the margin gap with peers and getting the resultant multiple upgrade. With the multiple gap largely closed, we downgrade shares to Hold."

For an analyst ratings summary and ratings history on Johnson Controls click here. For more ratings news on Johnson Controls click here.

Shares of Johnson Controls closed at $110.13 yesterday.

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