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Morgan Stanley Sees Outsized Risk/Reward For United Technologies

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In a report published Tuesday, Morgan Stanley analyst Nigel Coe reiterated an Overweight rating and $129.00 price target on United Technologies (NYSE: UTX).

In the report, Morgan Stanley noted, “UTX has u/p on overblown concerns regarding China real-estate and Commercial Aero OE. With the stock trading at a rare 13% discount vs. EE/MI and an improving outlook across the majority of its end markets, we see outsized risk/reward here.”

United Technologies closed on Friday at $107.98.

Latest Ratings for UTX

DateFirmActionFromTo
May 2016RBC CapitalDowngradesOutperformSector Perform
May 2016Goldman SachsDowngradesBuyNeutral
Mar 2016RBC CapitalUpgradesSector PerformOutperform

View More Analyst Ratings for UTX
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Nigel CoeAnalyst Color Reiteration Analyst Ratings

 

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