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Fly News Breaks for December 2, 2015
JCI
Dec 2, 2015 | 06:16 EDT
William Blair analyst Nicholas Heymann downgraded Johnson Controls to Market Perform with a $52 price target after the company announced its FY16 forecast. A shift to higher organic growth increases capital intensity, which will reduce the company's financial flexibility, Heymann tells investors in a research note.
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