United Technologies Corporation (UTX) Receives Price Target

United Technologies Corporation (UTX) : Average target price received by United Technologies Corporation (UTX) is $110 with an expected standard deviation of $12.97. The most aggressive target on the stock is $130, whereas the most downbeat target is $80. 10 financial analysts are currently covering the stock.

United Technologies Corporation (UTX) has an average broker rating of 2.27, which is interpreted as a Buy, as rated by 13 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.


Also, Barclays maintains its rating on United Technologies Corporation (NYSE:UTX). The global brokerage major raises the current price target from $108 per share to $110 per share. Analysts at the Barclays have a current rating of Equalweight on the shares. The rating by the firm was issued on July 27, 2016.

United Technologies Corporation (NYSE:UTX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $106.74 and $105.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $106.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $106.72, notching a gain of 0.27% for the day. The total traded volume was 3,231,547 . The stock had closed at $106.43 on the previous day.

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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