UPDATE: Deutsche Bank Maintains United Technologies at Buy Following Analyst Day
Deutsche Bank reiterated its Buy rating and $90 price target on United Technologies (NYSE: UTX) on potential upside suggested by analyst day takeaways.
Deutsche Bank said, "Overall the update on 2012 business expectations was about in line, though risk remains in the commercial aerospace aftermarket and refrigerated container market. As much as the event was to update the 2012 conditions, it was also a set-up for 2013 expectations, which we see lining up for a low-$6 EPS guide with several puts and takes. Goodrich and IAE should add 75c to EPS in 2013 (vs. 2012), which we expect to be the bulk of earnings expansion next year, with the rest of the business positives and negatives largely offsetting."
United Technologies closed at $73.85 on Thursday.
Latest Ratings for UTX
|Dec 2016||Deutsche Bank||Maintains||Hold|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.