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Fly News Breaks for April 1, 2015
JCI, CBG
Apr 1, 2015 | 08:39 EDT
After CBRE (CBG) announced that it had acquired Johnson Controls' (JCI) Global WorkPlace Solutions business for roughly $1.5B, JMP Securities says the deal makes CBRE's business more balanced, is expected to be highly accretive, and adds a talented team with a specialized skill set. The firm raised its price target on the stock to $42 from $37 and keeps an Outperform rating on the shares.
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