Shares of Johnson Controls (NYSE: JCI) have been under pressure this year due to investor concerns that a weak housing market would crimp demand for its ventilation and climate control equipment. Shares of Johnson Controls gained 14.9% in November, according to data provided by S&P Global Market Intelligence, cutting the stock's loss for the year in half in a single month. Johnson Controls is a maker of heating, ventilation, and air conditioning systems (HVAC) for commercial and residential buildings.
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.
NEUHAUSEN, Switzerland, November 29, 2022--Sensormatic Solutions, the leading global retail solutions portfolio of Johnson Controls, today released its final recap of U.S. shopper traffic from Thanksgiving Day (November 24) through Sunday, November 27, 2022. These results are informed by retail traffic data analytics within the company’s intelligent operating platform, Sensormatic IQ.