Vetr Crowd Likes United Technologies' Rebuild, Recommends A Buy

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The Vetr crowd upgraded their rating for United Technologies Corporation UTX on Tuesday, from 3 stars (Hold), issued 43 days ago, to 4 stars (Buy). Crowd confidence in United Technologies is mixed, but trending toward caution, with 55 percent Vetr user ratings bearish.

The aerospace technologies company has been undergoing a revitalization effort near the end of 2016 after a Q3 earnings report, which showed slowing growth for UTX. Part of this rebuilding involved expanding the company's board to include former Intel Corporation INTC executive Diane M. Bryant and to focus more on promoting new aerospace technologies over legacy models.

The effort has already received attention from analysts, with Credit Suisse upgrading its rating of UTX on December 19 from"Neutral to Outperform while boosting the target price to $125.

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Currently, the Vetr crowd's average target price for the stock is up at $126.61, which is well above the average analyst target price of $112.26. Less than 2 percent of Vetr users are holding UTX in their watch lists.

Posted In: UpgradesCrowdsourcingAnalyst RatingsTechGeneralVetr
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