Jefferies Maintains a 'Buy' on United Technologies (UTX); Adjusting Estimates After Meeting w/CFO
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Price: $97.35 +2.29%
Rating Summary:
6 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
6 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade UTX Now!
Jefferies maintains a 'Buy' on United Technologies (NYSE: UTX) price target of $88.00.
Analyst, Howard A. Rubel, said, "We hosted United Technologies CFO, Mr. Greg Hayes, at several meetings in NYC on August 17. Guidance for 2012 was restated and good progress with the integration of Goodrich into United Technologies was indicated."
"2012 EPS estimate unchanged at $5.30, but we are trimming our 2013 and 2014 estimates to $6.20 and $7.30 from $6.35 and $7.40. Pension expense due to the low discount rate, the low initial margins around the recently signed UH-60 multi-year, and some incremental economic-related headwinds are factors, offset by strong pension returns, and a likely 2013 return to the market to repurchase shares."
For an analyst ratings summary and ratings history on United Technologies click here. For more ratings news on United Technologies click here.
Shares of United Technologies closed at $80.37 yesterday, with a 52 week range of $66.87-$87.50.
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Analyst, Howard A. Rubel, said, "We hosted United Technologies CFO, Mr. Greg Hayes, at several meetings in NYC on August 17. Guidance for 2012 was restated and good progress with the integration of Goodrich into United Technologies was indicated."
"2012 EPS estimate unchanged at $5.30, but we are trimming our 2013 and 2014 estimates to $6.20 and $7.30 from $6.35 and $7.40. Pension expense due to the low discount rate, the low initial margins around the recently signed UH-60 multi-year, and some incremental economic-related headwinds are factors, offset by strong pension returns, and a likely 2013 return to the market to repurchase shares."
For an analyst ratings summary and ratings history on United Technologies click here. For more ratings news on United Technologies click here.
Shares of United Technologies closed at $80.37 yesterday, with a 52 week range of $66.87-$87.50.
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