UPDATE: Jefferies Raises PT to $96 on United Technology

Jefferies raises its price target $6 to $96 on Buy-rated United Technologies UTX as it resets the company's long term model. Jefferies says, "After a further review of operating assumptions and financing for Goodrich, we are resetting our estimates for UTX for the out-years. Our EPS estimate for 2012 remains unchanged at $5.50 and we project $6.70 for 2013, versus a prior estimate of $6.85." UTX closed at $82.72 a share on Thursday.