Price Target Update on United Technologies Corporation (NYSE:UTX)

United Technologies Corporation (NYSE:UTX) : 12 Wall Street analysts covering United Technologies Corporation (NYSE:UTX) believe that the average level the stock could reach for the short term is $107.75. The maximum price target given is $118 and the minimum target for short term is around $74, hence the standard deviation is calculated at $11.77.

Other Equity analysts have also commented on the company shares. Equity analysts at the Brokerage firm RBC Capital downgrades its rating on United Technologies Corporation (NYSE:UTX). The rating major has initiated the coverage with sector perform rating on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on May 3, 2016.

United Technologies Corporation (NYSE:UTX): stock turned positive on Thursday. Though the stock opened at $102.5, the bulls momentum made the stock top out at $102.5 level for the day. The stock recorded a low of $101.73 and closed the trading day at $102.33, in the green by 0.97%. The total traded volume for the day was 3,074,800. The stock had closed at $101.35 in the previous days trading.

The company shares have dropped -10.55% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $114.65 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $100.80 and the 200 Day Moving Average price is recorded at $96.62. On the companys insider trading activities,The officer (Executive VP & General Counsel) of United Technologies Corp /De/, Gill Charles D sold 8,958 shares at $102.04 on June 8, 2016. The Insider selling transaction had a total value worth of $914,074. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

United Technologies Corporation (UTC) provides high technology products and services to the building systems and aerospace industries across the world. The Company operates through five segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney; UTC Aerospace Systems and Sikorsky. Otis designs, manufactures, sells and installs a range of passenger and freight elevators for low-, medium- and high-speed applications, as well as a line of escalators and moving walkways. UTC Climate, Controls & Security is a provider of heating, ventilating, air conditioning (HVAC) and refrigeration solutions. Pratt & Whitney segment supplies aircraft engines for the commercial, military, business jet and general aviation markets. UTC Aerospace Systems is a global provider of technologically advanced aerospace products and aftermarket service solutions. Its Sikorsky segment manufactures military and commercial helicopters and also provides aftermarket helicopter and aircraft parts and services.

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