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Fly News Breaks for May 26, 2016
TYC
May 26, 2016 | 07:24 EDT
Atlantic Equities analyst Richard Radbourne upgraded Tyco (TYC) to Overweight and increased its price target to $52 from $40. The analyst said Tyco's merger with Johnson Controls (JCI) creates a powerful building solutions focused business, supporting strong multi-year earnings growth with significant merger synergies and ongoing productivity savings. Radbourne adds, the spinoff of Adient should allow for a more appropriate value for the remaining company.
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