Tigress Financial Partners Initiates Coverage On United Technologies Corporation With Buy Rating

Tigress Financial Partners initiated coverage on United Technologies Corporation UTX in a report issued Friday with a Buy Rating.

According to analyst Ivan Feinseth, the “Pratt and Whitney division will continue to benefit from strong growth in global travel which is bolstering demand for commercial aircraft."

The report also saw "increasing strength in UTX’s CCS Fire and Security division driving Economic Profit growth as the U.S. commercial real estate market remains encouraging.”

Feinseth was “also cautiously optimistic about a pickup in defense spending in 2015, despite management forecasts, as increasing tensions across the globe warrant increase military spending" which would help the Sikorsky division.

The company had also benefited from “commercial construction out of Asia,” and Fienseth believed “that the U.S. will be the most important driver of future Economic Profit as U.S. GDP growth continues to outpace global growth, helping to offset any weakness in China’s market.”

United Technologies Corporation recently traded at $100.27, up 0.33 percent.