United Technologies (UTX) PT Lowered to $144 at RBC Capital
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Price: $86.01 --0%
Rating Summary:
16 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 9
Rating Summary:
16 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 9
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RBC Capital analyst Deane Dray lowered the price target on United Technologies (NYSE: UTX) to $144.00 (from $148.00) while maintaining an Outperform rating.
While lowering the target, Dray said the breakup anxiety is "overdone."
"The pushback included the extended 2020 spin completion target, some overdone FCF concerns, low-end COL earnings accretion, and reflexive "sell-the- news"," he commented.
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