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UPDATE: Morgan Stanley Initiates United Technologies at Overweight on Long-Term EPS Growth

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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.

Follow Alex Biles on Twitter at @perfectlyaloof

Latest Ratings for UTX

Oct 2016CitigroupMaintainsNeutral
Oct 2016MaintainsNeutral
Oct 2016BairdInitiates Coverage onNeutral

View More Analyst Ratings for UTX
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