Nomura Securities Maintains a 'Buy' on United Technologies (UTX); Surprise to Boeing (BA) Decision

Nomura Securities maintains a 'Buy' on United Technologies (NYSE: UTX), PT $100.

Nomura analyst, Shannon O'Callaghan, said, "A solid beat and raise seem to have been overshadowed by what we view as a surprisingly negative reaction to Boeing’s decision to offer a re-engined 737 to AMR. In our view, the positive news for UTX is that AMR split its order between Airbus and Boeing (NYSE: BA) (breaking the prior BA 737 monopoly where GE/CFM is exclusive), which opens an opportunity for UTX at AMR (NYSE: AMR) via the A320 and A320neo. We see potential for further upward EPS revisions at UTX....our 2012 EPS estimate of $6.25."

For more ratings news on United Technologies click here and for the rating history of United Technologies click here.

Shares of United Technologies closed at $87.22 yesterday.

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