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Johnson Controls Shares Rally As Credit Suisse Upgrades To Outperform

Johnson Controls Shares Rally As Credit Suisse Upgrades To Outperform - Johnson Controls, Inc. NYSE:JCI

Shares of Johnson Controls Inc JCI 0.11% rose more than 2 percent after Credit Suisse upgraded the stock to Outperform from Neutral, saying that TYC and Adient synergies may be "free" at the current price.

"[W]e have had a number of concerns regarding the TYC merger, but we think that many of them are either now embedded in the JCI share price, and / or we feel re-assured as regards the downside risk that they pose," analyst Julian Mitchell wrote in a...


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