United Technologies (NYSE: UTX) received a number of price target changes and ratings updates during the last week:

  • United Technologies had its “outperform” rating reaffirmed by analysts at William Blair. They now have a $101.00 price target on the stock.
  • United Technologies had its “buy” rating reaffirmed by analysts at Sterne Agee. They now have a $99.00 price target on the stock.
  • United Technologies was downgraded by analysts at Oppenheimer from an “outperform” rating to a “perform” rating. They wrote, “Following UTX’s analyst day, we’re downgrading shares to Perform and removing our $87 PT. Our enthusiasm for UTX hinged on the belief that a messy 2012–marked by the acquisition of GR and IAE and various asset dispositions–would position UTC for faster growth and margin expansion in 2013. We’re no longer so sure. The industrial businesses are stuck in the funk in China and Europe. The commercial- aero businesses are facing potentially protracted softness in aftermarket. And DoD headwinds could take a bite out of military revenues. We don’t see much downside to shares (given ~9% FCF yield in 2013), but neither do we see many catalysts to justify a premium to the current market multiple.”
  • United Technologies had its “buy” rating reaffirmed by analysts at Nomura.
  • United Technologies had its “buy” rating reaffirmed by analysts at Jefferies Group. They now have a $88.00 price target on the stock.
  • United Technologies had its “buy” rating reaffirmed by analysts at Deutsche Bank. They wrote, “Overall the update on 2012 business expectations was about in line, though risk remains in the commercial aerospace aftermarket and refrigerated container market. As much as the event was to update the 2012 conditions, it was also a set-up for 2013 expectations, which we see lining up for a low-$6 EPS guide with several puts and takes. Goodrich and IAE should add 75c to EPS in 2013 (vs. 2012), which we expect to be the bulk of earnings expansion next year, with the rest of the business positives and negatives largely offsetting.”
  • United Technologies had its “outperform” rating reaffirmed by analysts at RBC Capital. They now have a $88.00 price target on the stock.

United Technologies Co. traded up 0.22% on Wednesday, hitting $78.56. United Technologies Co. has a 52-week low of $69.17 and a 52-week high of $87.50. The company has a market cap of $71.630 billion and a price-to-earnings ratio of 16.43.

United Technologies Corporation (UTC) provides high technology products and services to the building systems and aerospace industries worldwide.