Johnson Controls completes separation of Adient

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Johnson Controls (JCI) PT Adjusted to $48 at Oppenheimer

October 31, 2016 9:34 AM EDT

Oppenheimer analyst Noah Kaye adjusted his price target on Outperform-rated Johnson Controls (NYSE: JCI) to $48.00 (from $52.00) post Adient spin and ahead of 4Q16 earnings next Tuesday. The firm also introduced FY18 estimates for the remaining JCI

Kaye commented, "With recent non-res indicators warranting... More