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Fly News Breaks for September 28, 2016
TYC, JCI
Sep 28, 2016 | 09:06 EDT
Cowen analyst Gautam Khanna initiated coverage of the "new" Johnson Controls (JCI), which was formed via the merger of Tyco (TYC) and legacy Johnson Controls, with an Outperform rating and $52 price target, citing the visibility for 13%-15% adjusted EPS growth through FY18 as well as cyclical tailwinds and strong management.
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