Johnson Controls May Be Heading Toward A 'New Strategic Direction,' Says Bullish Analyst

Johnson Controls International PLC JCI is scheduled to report its fiscal fourth-quarter results on Dec. 10, after having delivered an earnings beat for the previous quarter. While the company has significant exposure to data centers, among the more profitable verticals, the naming of its new CEO is likely to act as a catalyst for the stock, according to BofA Securities.Analyst Andrew Obin upgraded the rating for Johnson Controls International from Neutral to Buy, while raising the price target from $76 to $ ...