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Fly News Breaks for September 11, 2018
JCI
Sep 11, 2018 | 05:12 EDT
UBS analyst Steven Winoker downgraded Johnson Controls to Neutral and lowered his price target for the shares to $40 from $44. While the company's Buildings business is improving in 2018, the pace and magnitude of the progress is proving slower and lower than expectations, Winoker tells investors in a research note. As such, the analyst sees a more balanced risk/reward for shares of Johnson Controls and current levels.
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