United Technologies (UTX) Declares $0.59 Quarterly Dividend; 2.3% Yield
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Tigress Financial Starts United Tech (UTX) at Buy; Cautiously Optimistic on Uptick in Govt Spending Next Year
October 10, 2014 2:22 PM EDTTigress Financial is initiating coverage on United Technologies (NYSE: UTX) with a Buy rating.
Analyst Ivan Feinseth comments on three units of the company:Air traffic growth driving record aircraft production backlogs. UTX's aerospace division Pratt and Whitney is benefiting from strong growth in global travel. Airline profits are expected to reach nearly $18B this year which is driving record backlogs for new planes at Boeing Co. and Airbus... More
