Cowen Upgrades United Technologies (UTX) to Outperform

Cowen analyst Cai von Rumohr upgraded United Technologies (NYSE: UTX) from Market Perform to Outperform with a price target of $150.00 (from $135.00).

The analyst commented, "We like UTX for extended Aerospace cash ramp and the proposed RTN merger. Its 5%+ selloff vs. S&P since deal announcement offers a win-win for attractive standalone valuation or merger benefits. We're hiking our rating to Outperform for a PT of $150."

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 $129.65 yesterday.

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