Johnson Controls Shares Have Further Potential to Rise, UBS Says

MT Newswires Live
08/18

Johnson Controls International's (JCI) shares have outperformed in 2024 and year-to-date, but the stock still has potential to rise, boosted by expected earnings growth going ahead, UBS analysts wrote in a Sunday note.

The brokerage said that Johnson Controls' earnings could surpass $6 per share in fiscal 2028, implying a compound annual growth rate of 20%, but noted that "much has to go right," including strategic action, for the company to realize this opportunity.

UBS said that a partial divestiture of certain assets is the most likely pathway for any potential strategic action. The brokerage said commentary from its fiscal Q3 earnings report implied divestitures of nearly 10% to 15% of its portfolio.

UBS expects the company to raise $3 billion to $6 billion by divesting lower-margin assets, with proceeds expected to be used for share repurchases.

UBS retains a $120 price target and buy rating on the stock.

Price: 103.78, Change: +0.26, Percent Change: +0.25

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10