United Tech (UTX) Rating Improved

EU-listed United Tech (UTX), was raised by equity research analysts at RBC Capital. The firm raised its rating on the $ market cap company to “Outperform” from a previous “Sector Perform”.

Out of 18 brokers covering United Tech, 11 rate it a Buy, 10 indicate a Hold while 1 suggest a Sell. The highest target is $120 and the lowest is $103 according to Thomson/First Call. The 12-month mean target is $111.72, which means upside potential of ∞% over the current price.

Institutional Ownership

Csu Producer Resources Inc. had the most significant stake with ownership of 15,000 shares as of Q2 2015 for 8.95% of the equity exposure. Southeastern Asset Management Inc Tn is another bullish investment manager who is possessing 6.61M shares of United Tech or 6.43% of their equity exposure. Moreover, Meritage Group Lp have 5.77% of their equity exposure invested in the company for 2.17M shares. The California-based fund First Pacific Advisors Llc revealed it had purchased so far a stake worth about 5.47% of the investment manager’s stock portfolio in United Tech. The California-based fund Saratoga Research & Investment Management is also positive about the stock, possessing 6.49M shares or 5.05% of their equity exposure.

United Tech (UTX) closed at $0 yesterday. A total of shares of the company’s stock traded hands. This is down from average of shares. United Tech has a 52 week low of $0.00 and a 52 week high of $0. The company has a market cap of $ and a P/E ratio of 0.

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