Johnson Controls Q3 Earnings Quality 'Impressive,' RBC Says

MT Newswires Live07-31

Johnson Controls International (JCI) reported a strong operating beat in fiscal Q3 and raised its 2026 earnings outlook above consensus, RBC Capital Markets said in a Wednesday note.

"The quality of earnings was impressive, including +45% incrementals," the report said.

The note said datacenter business drove the strong 27% total-company order growth from a year ago, and a record $21 billion backlog, up 32% organically.

"JCI's multi-year turnaround story continues to gain traction off its successful June-2026 investor day where they increased

their long-term organic growth algorithm," the report said.

RBC raised its price target to $161 from $154 while keeping its sector perform rating.

Price: 142.66, Change: +3.24, Percent Change: +2.32

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment