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Citigroup Inc. downgraded United Technologies Corporation (NYSE:UTX) to Neutral in a report released today.

Yesterday United Technologies Corporation (NYSE:UTX) traded 0.05% higher at $100.58. UTX’s 50-day average is $104.05 and its two hundred day average is $103.27. With the last close down -2.56% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. 1,176,355 shares of the stock traded hands, down from an average trading volume of 3,149,180

Citigroup Inc. has downgraded United Technologies Corporation (NYSE:UTX) to Neutral in a report released on Monday October 10, 2016.

Previously on 10/06/2016, Robert W. Baird reported about United Technologies Corporation (NYSE:UTX) raised the target price from $0.00 to $110.00. At the time, this indicated a possible upside of 0.08%.

See Chart Below

United Technologies Corporation (NYSE:UTX)

United Technologies Corporation has a 52 week low of $83.39 and a 52 week high of $109.83 with a PE ratio of 11.87 United Technologies Corporation’s market capitalization is currently $0.

Also covering United Technologies Corporation's price target, a total of 18 brokers have issued a research note on the company. The consensus target price is $111.72 with 5 firms rating the stock a strong buy, six brokerages rating the stock a buy, 10 analysts rating the company a hold, 1 broker rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

About United Technologies Corporation (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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