Gabelli Downgrades Johnson Controls (JCI) to Hold
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Gabelli & Co. downgrades Johnson Controls (NYSE: JCI) from Buy to Hold.
Shares of Johnson Controls surged more than 7% yesterday on the back of better-than-expected Q3 results which were issued yesterday morning. Despite today's analyst downgrade, the stock is once again moving higher today, currently up 2.9% to $23.75.
Johnson Controls, Inc. operates in building efficiency, automotive experience, and power solutions businesses worldwide.
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