UBS Maintains United Technologies Corporation to Buy with Price Target $115.00

Brokerage firm UBS Maintains its rating on United Technologies Corporation(NYSE:UTX). In a research note issued to the investors, the brokerage major Lowers the price-target to $115.00 per share. The shares have been rated Buy. The rating by UBS was issued on Sep 19, 2016.

In a different note, On Jul 27, 2016, Barclays said it Maintains its rating on United Technologies Corporation. In the research note, the firm Raises the price-target to $108.00 per share. The shares have been rated ‘Equalweight’ by the firm.

United Technologies Corporation (UTX) made into the market gainers list on Thursdays trading session with the shares advancing 1.02% or 1.04 points. Due to strong positive momentum, the stock ended at $103, which is also near the day’s high of $103.48. The stock began the session at $102.73 and the volume stood at 35,74,599 shares. The 52-week high of the shares is $109.83 and the 52 week low is $83.39. The company has a current market capitalization of $86,203 M and it has 83,69,26,950 shares in outstanding.

United Technologies Corporation(UTX) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $14.87B. Analysts had an estimated revenue of $14.67B. Earnings per share were $1.82. Analysts had estimated an EPS of $1.68.

Several Insider Transactions has been reported to the SEC. On Sep 2, 2016, John V Faraci (director) purchased 1,179 shares at $109.39 per share price.Also, On Aug 12, 2016, Charles D Gill (Executive VP & General Counsel) sold 6,202 shares at $109.00 per share price.On Aug 9, 2016, Michael R Dumais (SVP, Strategic Planning) sold 2,349 shares at $107.05 per share price, according to the Form-4 filing with the securities and exchange commission.

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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