Wells Fargo initiates Johnson Controls stock at Overweight on backlog
Investing.com
Wells Fargo initiated coverage on Johnson Controls International (NYSE:JCI) with an Overweight rating and a $186.00 price target, citing the company's record backlog, data center-led orders, and margin improvements as drivers for above-average EPS growth. The company's backlog stands at $21 billion, up from $16.4 billion in September 2025, with strong growth in the Americas segment. While the stock has seen significant returns, InvestingPro analysis suggests it might be overvalued; however, its
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