Deutsche Bank Tuns Bullish On Johnson Controls

• Johnson Controls International PLC (NYSE:JCI) has been upgraded to Buy from Hold, with a reduced price target of $79 (an upside of 21%), from $80, by Deutsche Bank.
• Analyst Nicole DeBlase reduced her EPS estimate for Q2 citing risks from the supply chain, especially in the EMEA, Latin America, and APAC regions.
• Related: Analysts Cut Johnson Controls Price Target Post Q1 Results
• DeBlase also modestly increased her FY22 estimate.
• After the Q1 results in February, DeBlase had lowered the price target to $80 from $84 while maintaining a Hold rating on the shares.
• Price Action: JCI shares are trading higher by 1.17% at $65.52 on the last check Thursday.