Johnson Electric Profit Alert Prompts Deutsche to Cut Target Price -- Market Talk

Dow Jones04-22

0149 GMT - Johnson Electric's profit alert for its FY ended March came in below expectations due to higher costs and non-cash charges, Deutsche Bank analyst Bin Wang says in a note. The company indicates it will continue implementing cost-reduction measures such as automation and product standardization to offset headwinds from higher raw material costs, Wang says. However, it remains well positioned in the humanoid robotics market, with early-stage sampling underway with multiple customers, including start-ups and automakers in China and overseas. Deutsche Bank cuts its target price to HK$46.0 from HK$49.0 and maintains a buy call on the stock, which is down 14.25% at HK$22.02. (venkat.pr@wsj.com)

(END) Dow Jones Newswires

April 21, 2026 21:49 ET (01:49 GMT)

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However, it remains well positioned in the humanoid robotics market, with early-stage sampling underway with multiple customers, including start-ups and automakers in China and overseas. Deutsche Bank cuts its target price to HK$46.0 from HK$49.0 and maintains a buy call on the stock, which is down 14.25% at HK$22.02. 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The company indicates it will continue implementing cost-reduction measures such as automation and product standardization to offset headwinds from higher raw material costs, Wang says. However, it remains well positioned in the humanoid robotics market, with early-stage sampling underway with multiple customers, including start-ups and automakers in China and overseas. Deutsche Bank cuts its target price to HK$46.0 from HK$49.0 and maintains a buy call on the stock, which is down 14.25% at HK$22.02. 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