Wolfe Research Highlights Progress in Johnson Controls’ (JCI) Lean Transformation

Johnson Controls International plc (NYSE:JCI) is included among the Billionaire Ken Fisher’s Top 11 Dividend Stock Picks.

On June 3, Wolfe Research raised its price recommendation on Johnson Controls International plc (NYSE:JCI) to $171 from $165. It reiterated an Outperform rating on the stock. The firm came away encouraged after Johnson Controls’ investor event, which highlighted the changes taking place across the company. According to the analyst, the presentation provided a clearer view of management’s ongoing initiatives and “showed us that the lean transformation is real.” The update suggested that efforts to streamline operations and improve execution are moving beyond the planning stage and beginning to show tangible progress.

On June 2, UBS also became more bullish on the company, raising its price target to $180 from $170. It kept a Buy rating on the shares. In a research note, the analyst said Johnson Controls’ operational turnaround is producing promising early signs. While the transformation is still underway, UBS believes the initial results support management’s strategy and point to improving performance.

Johnson Controls International plc (NYSE:JCI) is a global technology company that focuses on energy efficiency, decarbonization, thermal management, and mission-critical performance. The company helps customers use energy more efficiently, reduce carbon emissions, and maintain reliable operations in industries where precision and resilience are increasingly important.

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