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Fly News Breaks for October 12, 2018
JCI
Oct 12, 2018 | 08:14 EDT
Credit Suisse analyst John Walsh initiated Johnson Controls with a Neutral rating and $37 price target, telling investors in a research note that Johnson once again finds itself between a rock and a hard place. He believes the current strategic review of Power Solutions will end with a sale or spin, sees Tyco synergies being realized and sees improvement in free cash flow metrics.
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