UPDATE: Morgan Stanley Initiates United Technologies at Overweight on Long-Term EPS Growth
Morgan Stanley published a report Wednesday, as analyst Nigel Coe initiated United Technologies Corporation (NYSE: UTX) with an Overweight rating and a price target of $105.
Coe wrote, "UTC is an attractive Aero /Non-Resi Construction hybrid that has significant, broad-based and visible margin tailwinds. We are comfortable with China and Sequester headline risks; instead, we expect a more powerful pull from above-average EPS growth potential through 2015 vs. mega-cap peers."
United Technologies closed Wednesday at $93.15.
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Latest Ratings for UTX
|Oct 2016||Baird||Initiates Coverage on||Neutral|
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