Market Overview

UPDATE: Morgan Stanley Initiates United Technologies at Overweight on Long-Term EPS Growth

Share:
Related UTX
Can Middleby's Stock Rebound On Business Buyouts?
12 Dow 30 Companies With Above-Average Salaries
4 Best Ways To Play Dow Defense Stocks As Trade War Fears Ease (Investor's Business Daily)

Morgan Stanley published a report Wednesday, as analyst Nigel Coe initiated United Technologies Corporation (NYSE: UTX) with an Overweight rating and a price target of $105.

Coe wrote, "UTC is an attractive Aero /Non-Resi Construction hybrid that has significant, broad-based and visible margin tailwinds. We are comfortable with China and Sequester headline risks; instead, we expect a more powerful pull from above-average EPS growth potential through 2015 vs. mega-cap peers."

United Technologies closed Wednesday at $93.15.




Follow Alex Biles on Twitter at @perfectlyaloof

Latest Ratings for UTX

DateFirmActionFromTo
May 2018Daiwa CapitalUpgradesNeutralOutperform
Apr 2018Stifel NicolausMaintainsHoldHold
Feb 2018BarclaysMaintainsOverweightOverweight

View More Analyst Ratings for UTX
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Initiation Analyst Ratings

 

Related Articles (UTX)

View Comments and Join the Discussion!