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Jefferies & Company, Inc. Raises Estimate And Price Target For United Technologies Corporation (UTX)

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Analyst Howard A. Rubel at Jefferies & Company, Inc. has released an update on United Technologies Corporation (NYSE: UTX). The company reported its first-quarter results on Wednesday.

United Technologies reported first-quarter revenue of $12.1 billion. The company reported EPS of $0.93 in the first-quarter, slightly ahead of analysts’ estimate of $0.90.

Following the first-quarter results, analysts have raised 2010 EPS estimate for the company from $4.60 to $4.65. The price target for the company has been raised from $82 to $88 to reflect the improved operating momentum in the business.

Jefferies & Company has maintained its Buy rating for United Technologies Corporation.

Posted-In: Howard A. Rubel Inc.Analyst Color Earnings News Price Target Markets Analyst Ratings

 

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