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Why Johnson Controls Stock Got a Boost This Morning

Why Johnson Controls Stock Got a Boost This Morning

A Wall Street analyst has an upbeat view on Johnson Controls International (NYSE: JCI), and the stock is getting a boost as a result. Shares of Johnson Controls traded up as much as 2.2% after Barclays raised its price target on the stock. Johnson Controls is focused on heating, ventilation, and air conditioning systems (HVAC), and the stock has had a rough year as investors have grown increasingly concerned about homebuilding activity in a rising rate environment.