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Fly News Breaks for September 16, 2016
JCI
Sep 16, 2016 | 08:24 EDT
Bernstein analyst Steven Winoker expects $1B in synergies from Johnson Controls' (JCI) merger with Tyco (TYC), enabling Johnson Controls' EPs to rise by mid-teen percentage levels. The analyst expects the company's core business to grow at 3%-4% over the next two plus years, driven by strength in its building systems and batteries businesses. Over the longer term ,he expects the company to benefit from strength in "integrated building controls systems and data analysis services." Target $57.
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