As UTX Finds Its Price, Vetr Calls Hold

The Vetr crowd upgraded its rating for United Technologies Corporation UTX on Tuesday from 2 stars (Sell), issued 36 days ago, to 3 stars (Hold). Crowd sentiment at the time of the upgrade was edging cautious with 60 percent of Vetr user ratings bearish.

United Technologies reported its first quarter earnings in late April, beating estimates with an EPS of $1.48 compared to of $1.39 and sales of $13.815 billion versus $13.48 billion. The beat came after a steady rally in the stock that ultimately propelled shares to the $119 level where it has hovered since.

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Currently, the Vetr crowd's average target price for United Technologies is down at $118.33, which is still above the average analyst target price of $116.78. Less than 2 percent of Vetr users are holding UTX in their watch lists.