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May 20, 2014
07:20 EDTJCIJohnson Controls launch of joint venture positive, says RBC Capital
After Johnson Controls agreed to form a global auto interiors joint venture with Yanfeng, RBC Capital thinks the deal will help transform Johnson Controls into a multi-industry company and fits in with its strategy of reducing the emphasis on its auto businesses. The firm believes that the deal will raise the company's earnings, and it keeps a Top Pick rating on the shares.
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