The downgrade and new price target for Johnson Controls (NYSE:JCI) were part of a broader shift by Melius, which also downgraded other capex-related stocks such as Vertiv, Eaton (NYSE:ETN), and Trane.
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Johnson Controls downgraded to Hold from Buy at Melius ResearchMelius Research downgraded Johnson Controls (JCI) to Hold from Buy with a $95 price target Published first on TheFly – the ultimate source for ...
This was the stock's fourth consecutive day of losses.
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