Citigroup downgraded United Tech (NYSE:UTX) from Buy to Neutral in a report released today.
- Updated: October 10, 2016
Yesterday United Tech (NYSE:UTX) traded 0.05% higher at $100.58. The company’s 50-day moving average is $104.05 and its 200-day moving average is $103.27. The last closing price is down -2.56% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,176,355 shares of the stock were exchanged, down from an average trading volume of 3,149,180
Citigroup has downgraded United Tech (NYSE:UTX) from Buy to Neutral in a report released on 10/10/2016.
Previously on 10/6/2016, Robert W. Baird reported on United Tech (NYSE:UTX) raised the target price from $0.00 to $110.00. At the time, this indicated a possible upside of 0.08%.
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United Tech has a 52 week low of $83.39 and a 52 week high of $109.83 with a P/E ratio of 11.87 The company’s market cap is currently $0.
In addition to Citigroup reporting its target price, a total of 18 brokers have issued a report on the stock. The consensus target price is $111.72 with 5 brokers rating the stock a strong buy, 6 brokers rating the stock a buy, 10 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About United Tech (NYSE:UTX)
United Technologies Corporation is engaged in providing high technology products and services to the building systems and aerospace industries around the world. The Company operates through four segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney, and UTC Aerospace Systems. Its Otis segment designs, manufactures, sells and installs a range of passenger and freight elevators, as well as a line of escalators and moving walkways. Its UTC Climate, Controls & Security segment, is the provider of heating, ventilating, air conditioning (HVAC) and refrigeration solutions. The Company's Pratt & Whitney segment supplies aircraft engines for the commercial, military, business jet and general aviation markets. Its UTC Aerospace Systems segment is a provider of aerospace products and aftermarket service solutions.
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