Johnson Controls International PLC (JCI) has been generally outperforming competitors despite inconsistent market behavior. Various investment and banking groups are involved in JCI's actions, with Mitsubishi UFJ Trust & Banking Corp selling a large chunk, while other parties like M&G Plc, Advisory Alpha LLC, and Empowered Funds LLC are buying in. Bosch has emerged as a possible buyer for JCI's air conditioning assets, while the firm has also proposed cash tender offers for its senior notes. JCI's growth has been moderate, with the company keeping its FY24 guidance steady amidst flat Q1 sales. The company's stock has been adjusted and is under scrutiny with several analysts recommending either hold or buy, with a variance in target prices. Major appointments and changes have been done within JCI, most notably with executive positions. Despite looming challenges like global sales slump and cyberattacks impacting earnings, JCI's Q1 and Q2 earnings exceeded expectations. JCI is poised for innovating smart building through AI, IoT, and cloud computing, revealing its commitment to future developments. It has been named among the world's most ethical companies and has struck a deal to sell its Air Distribution Unit. Despite relatively strong and diverse activities, some recommend avoiding betting on JCI.
Johnson Controls International Plc JCI News Analytics from Fri, 13 Oct 2023 17:24:41 GMT to Sun, 21 Jul 2024 17:41:25 GMT -
Rating 1
- Innovation 1
- Information 5
- Rumor -2
