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Fly News Breaks for June 15, 2018
COL, UTX
Jun 15, 2018 | 07:28 EDT
Wells Fargo analyst Sam Pearlstein continues to thinks United Technologies' (UTX) sum-of-the-parts is worth $150 or more per share. With the close of the Rockwell Collins (COL) acquisition around mid-year, the analyst updated his proforma estimates to reflect the combined entity. Either the stock will begin to reflect the fundamentals or the expected strategic review likely leads to realizing that value, Pearlstein tells investors in a research note. He keeps an Outperform rating on United Technologies.
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