Johnson Controls, HCI Group Price Targets Raised by Multiple Analysts

Johnson Controls International (JCI) has seen a series of price target increases and upgraded ratings from multiple analysts and brokerages, signaling strong investor confidence in the company’s growth potential. JP Morgan raised its price target significantly from $81 to $98 while maintaining an 'Overweight' rating, reflecting optimism about JCI's market performance. Other firms such as Barclays, Deutsche Bank, Morgan Stanley, and Mizuho have also raised their price targets, with Mizuho increasing theirs to $105 despite maintaining a Neutral rating. Recent earnings reports showed positive results, with organic sales growth in multiple regions and strong free cash flow conversion, supporting these bullish outlooks. The consensus price target among analysts averages around $97.90, implying modest upside from current prices, although GuruFocus estimates suggest a possible downside based on historical valuations. Overall, the majority of brokerage recommendations remain positive, indicating an 'Outperform' consensus for Johnson Controls International. Meanwhile, HCI Group (HCI) also received a price target increase from Citizens JMP, which raised its target from $210 to $225 and reiterated an Outperform rating, citing robust operations and a promising spin-off, although some valuation models suggest potential downside risks.