After Reuters and Bloomberg reported that United Technologies (UTX) had made an unconfirmed bid to buy Rockwell Collins (COL), RBC Capital analyst Matthew McConnell estimates that Rockwell Collins could be acquired for $145 per share. The analyst says that the deal would strengthen United Technologies and has "ample strategic rationale," although he notes that airplane makers have expressed opposition to similar deals in the past. He adds that the deal "would move" United Technologies "up the technology curve" and enable it to enter the avionics business which he says has high barriers of entry. McConnell thinks that there is a 50% chance of a deal taking place and raised his price target on Rockwell Collins to $133 from $120. He keeps a Sector Perform rating on Rockwell Collins.