Brokerage Firm Rating Update on United Technologies Corporation (UTX)

United Technologies Corporation (UTX) : 5 brokerage houses believe that United Technologies Corporation (UTX) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on United Technologies Corporation (UTX). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 13 Wall Street Analysts endorse the stock as a Buy with a rating of 2.27.

United Technologies Corporation (UTX) : Average target price received by United Technologies Corporation (UTX) is $110 with an expected standard deviation of $12.97. The most aggressive target on the stock is $130, whereas the most downbeat target is $80. 10 financial analysts are currently covering the stock.


For the current week, the company shares have a recommendation consensus of Buy. Also, Barclays maintains its view on United Technologies Corporation (NYSE:UTX) according to the research report released by the firm to its investors. The shares have now been rated Equalweight by the stock experts at the ratings house. Barclays raises the price target from $108 per share to $110 per share on United Technologies Corporation. The rating by the firm was issued on July 27, 2016.

United Technologies Corporation (NYSE:UTX): stock was range-bound between the intraday low of $105.29 and the intraday high of $106.29 after having opened at $105.72 on Wednesdays session. The stock finally closed in the red at $105.72, a loss of -0.15%. The stock remained in the red for the whole trading day. The total traded volume was 2,524,173 shares. The stock failed to cross $106.29 in Wednesdays trading. The stocks closing price on Thursday was $106.01.

United Technologies Corporation (UTC) provides high technology products and services to the building systems and aerospace industries across the world. The Company operates through five segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney; UTC Aerospace Systems and Sikorsky. Otis designs, manufactures, sells and installs a range of passenger and freight elevators for low-, medium- and high-speed applications, as well as a line of escalators and moving walkways. UTC Climate, Controls & Security is a provider of heating, ventilating, air conditioning (HVAC) and refrigeration solutions. Pratt & Whitney segment supplies aircraft engines for the commercial, military, business jet and general aviation markets. UTC Aerospace Systems is a global provider of technologically advanced aerospace products and aftermarket service solutions. Its Sikorsky segment manufactures military and commercial helicopters and also provides aftermarket helicopter and aircraft parts and services.

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