RBC lifts Johnson Controls PT after upbeat 2026 profit forecast

ReutersMay 7, 2026 10:36 AM

RBC Capital Markets raise price target on U.S. industrial supplier Johnson Controls International JCI.N to $154 from $139, maintains rating at "sector perform"

New PT shows an upside of 7.6% from the stock's last close

Co on Wednesday raised its annual profit forecast above Wall Street estimates

RBC says Johnson Controls is rapidly increasing cooling capacity to meet strong data-center demand

Brokerage expects co to maintain roughly 70% backlog conversion within 12 months as data-center orders grow

Barclays also hikes PT to $144 from $136

13 of 23 brokerages rate the stock "buy" or higher, 10 "hold"; their median PT is $150 - data compiled by LSEG

As of last close, stock had risen 19.5% YTD

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