Morgan Stanley Sees Outsized Risk/Reward for United Technologies Corporation

In a report published Tuesday, Morgan Stanley analyst Nigel Coe reiterated an Overweight rating and $129.00 price target on

. 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 Corporation closed on Friday at $107.98.