Fly News Breaks for November 23, 2015
JCI
Nov 23, 2015 | 07:32 EDT
William Blair analyst Nicholas Heymann says shares of Johnson Controls are "exceptionally well positioned" to outperform the overall market, particularly in the near-term. The company's portfolio transformation, which will drive faster growth and bring greater financial flexibility, is near complete, Heymann tells investors in a research note. He believes shares can rise 10% or more over the next few weeks and 20% during the next 12 months. Heymann keeps an Outperform rating on Johnson Controls with a $57 price target.
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