Adient announces expectations for increased profitability in fiscal 2017
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UBS Raises Price Target on Johnson Controls (JCI) Following Adient Investor Day
September 16, 2016 8:43 AM EDTUBS reiterated a Buy rating on Johnson Controls (NYSE: JCI), and cut the price target to $51.00 (from $52.00), following Adient's investor day. Adient should fundamentally achieve higher margins than peers given its vertical integration.
Analyst Colin Langan commented, "2017 guidance came in below our estimates;... More
