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Fly News Breaks for October 7, 2015
ENS, JCI
Oct 7, 2015 | 07:44 EDT
UBS noted reports that Johnson Controls (JCI) was in the early stages of talks to purchase EnerSys (ENS). The firm sees significant upside potential for Johnson Controls due to synergies with EnerSys, assuming they do not overpay for the deal. UBS reiterated its Buy rating and $62 price target on Johnson Controls shares.
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