Johnson Controls merger with Tyco, Adient spin both on track
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Oppenheimer Raises Price Target on Johnson Controls (JCI) to $50 Following 2Q Beat
April 22, 2016 8:37 AM EDTOppenheimer reiterated an Outperform rating on Johnson Controls (NYSE: JCI), and raised the price target to $50.00 (from $48.00), following the company's 2Q earnings report. JCI beat earnings consensus with adjusted EPS of $0.86 vs. Street $0.82, on in-line sales of $9.0B. Management confirmed that TYC will proceed... More
