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Fly News Breaks for May 18, 2017
JCI
May 18, 2017 | 08:45 EDT
Cowen analyst Gautam Khanna met with Johnson Controls management and reaffirmed earlier assertions that the prior quarter's one-time drags are bring contained. The company said organic growth is improving and that cost tailwinds will help. Khanna reiterated his Outperform rating and $52 price target on Johnson Controls shares, also noting its valuation and the potential for portfolio actions that could unlock value.
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