Morgan Stanley Sees Outsized Risk/Reward For United Technologies
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
|Dec 2014||Bernstein||Upgrades||Market Perform||Outperform|
|Nov 2014||Wells Fargo||Upgrades||Market Perform||Outperform|
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.