Market Overview

Vetr Crowd Likes United Technologies' Rebuild, Recommends A Buy

Share:

The Vetr crowd upgraded their rating for United Technologies Corporation (NYSE: UTX) on Tuesday, from 3 stars (Hold), issued 43 days ago, to 4 stars (Buy). Crowd confidence in United Technologies is mixed, but trending toward caution, with 55 percent Vetr user ratings bearish.

The aerospace technologies company has been undergoing a revitalization effort near the end of 2016 after a Q3 earnings report, which showed slowing growth for UTX. Part of this rebuilding involved expanding the company's board to include former Intel Corporation (NASDAQ: INTC) executive Diane M. Bryant and to focus more on promoting new aerospace technologies over legacy models.

The effort has already received attention from analysts, with Credit Suisse upgrading its rating of UTX on December 19 from"Neutral to Outperform while boosting the target price to $125.

See how crowdsourced ratings could help you time the market.

Currently, the Vetr crowd's average target price for the stock is up at $126.61, which is well above the average analyst target price of $112.26. Less than 2 percent of Vetr users are holding UTX in their watch lists.

Latest Ratings for UTX

DateFirmActionFromTo
Dec 2019MaintainsOutperform
Oct 2019MaintainsOverweight
Oct 2019Initiates Coverage OnOutperform

View More Analyst Ratings for UTX
View the Latest Analyst Ratings

Posted-In: VetrUpgrades Crowdsourcing Analyst Ratings Tech General

 

Related Articles (UTX)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
TOLGoldman SachsInitiates Coverage On42.0
KBHGoldman SachsInitiates Coverage On36.0
YEXTSunTrust Robinson HumphreyMaintains28.0
LHCGSunTrust Robinson HumphreyMaintains160.0
DLRSunTrust Robinson HumphreyMaintains140.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Paychex Valuation Remains Rich

Western Digital's Spike Prompts A Vetr Downgrade