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Fly News Breaks for August 23, 2016
JCI
Aug 23, 2016 | 07:20 EDT
Credit Suisse added Johnson Controls (JCI) to the US Focus List citing valuation and specific company catalysts. Analyst Julian Mitchell believes the closing of the Tyco deal on September 2 will refocus investor attention on the combined entity's prospects for 2017+ and things the Adient analyst meeting on September 15 could reverse low expectations. Mitchell said Johnson Controls is one of the cheapest EE/MI stocks left and maintains his Outperform rating and $52 price target on shares.
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