United Technologies (UTX) Tops Q2 EPS by 2c; Cuts FY15 Outlook
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Cowen Upgrades United Technologies (UTX) to Outperform; Sees 2016 Rebound
July 23, 2015 6:34 AM EDTCowen upgraded United Technologies (NYSE: UTX) from Neutral to Outperform with a price target of $119.00 (from $125.00), citing a 2016 rebound.
Analyst Cai von Rumohr commented, "We're upgrading UTX to Outperform with a PT of $119 (17x P/E on lowered 16E EPS) following its 9% selloff... More
Atlantic Equities Downgrades United Technologies (UTX) to Neutral
July 22, 2015 8:26 AM EDTAtlantic Equities downgraded United Technologies (NYSE: UTX) from Overweight to Neutral with a price target of $110.00 (from $128.00).
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 $102.71 yesterday.
... MoreRBC Capital Cuts Price Target to $114 Following United Technologies (UTX) 2Q EPS Beat
July 22, 2015 7:40 AM EDTRBC Capital maintained an Outperform rating on United Technologies (NYSE: UTX), and cut the price target to $114.00 (from $141.00), following its 2Q15 earnings report. UTX reported 2Q15 EPS of $1.73, beating consensus by 2c. Management decided to cut 2015 guidance with the EPS forecast declining from $6.356.55 to $6.156.30. Analyst... More
Deutsche Bank Downgrades United Technologies (UTX) to Hold
July 22, 2015 6:59 AM EDTDeutsche Bank downgraded United Technologies (NYSE: UTX) from Buy to Hold with a price target of $112.00 (from $128.00). The change follows Q2 results and disappointing guidance.
"While UTX's 2Q results were generally in line with our thinking, the main focus on the day was the... More
United Tech CEO says ready to 'turn up the heat' on acquisitions
July 21, 2015 3:41 PM EDTBy Lewis Krauskopf
(Reuters) - United Technologies Corp (NYSE: UTX) is ready to "turn up the heat on M&A" now that the U.S. conglomerate has agreed to sell its Sikorsky helicopter business, Chief Executive Greg Hayes said in an... More
With Sikorsky sale done, United Technologies eyes acquisitions
July 20, 2015 5:40 PM EDTBy Lewis Krauskopf
(Reuters) - Now that United Technologies Corp (NYSE: UTX) Chief Executive Greg Hayes has closed a deal to sell the conglomerate's Sikorsky helicopter unit, he may become an acquirer in his own right.
United Tech shares slipped 0.7 percent on Monday after news of the $9 billion sale to Lockheed Martin Inc became official.
Even though analysts applauded the price, investors may have already incorporated the benefits from splitting off the lower-margin business, a move United Tech had been signaling for months.
Also, United Tech, which reports earnings on... More
