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Fly News Breaks for March 31, 2015
CBG, JCI
Mar 31, 2015 | 13:14 EDT
Wells Fargo said it likes the sales price and strategic arrangement that Johnson Controls (JCI) negotiated with CBRE Group (CBG) in the deal to divest GWS, but that the associated sales opportunity is back-end loaded. The firm does not think investors should give much credit for the sales opportunity at this juncture, given the timing. The firm maintains its Market Perform rating on shares of Johnson Controls.
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