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Fly News Breaks for March 31, 2017
JCI
Mar 31, 2017 | 07:27 EDT
HSBC analyst Debashis Chand initiated Johnson Controls with a Buy and a $50 price target telling investors the company is a step closer to becoming multi-industry company with the Adient spin-off and Tyco merger now completed. Chand sees a clear path to double-digit earnings growth, which could lead to a multiple re-rating.
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