William Blair Reiterates Market Perform Rating on United Technologies (UTX)

William Blair analyst Nicholas Heymann reiterated a Market Perform rating on United Technologies (NYSE: UTX) but believes the merger with Raytheon (NYSE: RTN) will go ahead without interruption once the spin-outs of Otis and Carrier occur in early 2020.

The analyst stated "The merger is subject to traditional conditions, including regulatory approvals and being approved by UTC and Raytheon shareholders. Importantly, China will have no regulatory
approval of the proposed merger".

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 $138.00 yesterday.

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