According to Bank of America, Tyco International TYC is upgraded to Buy.
Bank of America said that it is upgrading TYC shares to Buy from Neutral. “We consider Tyco's business model to be relatively more defensive vs. industrial peers due to the company's rich mix of stable, recurring revenues.”
Tyco International closed on Friday at $40.58.
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Posted In: Analyst ColorUpgradesAnalyst RatingsBank of America Merrill LynchIndustrial ConglomeratesIndustrials
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