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Fly News Breaks for December 15, 2015
JCI
Dec 15, 2015 | 07:44 EDT
As noted earlier, RBC Capital downgraded Johnson Controls to Sector Perform from Outperform. As reasons for the downgrade, the firm cited what it sees as the company's relatively poor free cash flow outlook, the company's relatively high debt, and the lateness of the cycle. Target to $46 from $51.
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