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Fly News Breaks for July 22, 2015
UTX
Jul 22, 2015 | 06:33 EDT
Atlantic Equities downgraded United Technologies to Neutral and lowered its price target to $110 from $128. The firm believes most of yesterday's cut in guidance is the result of overly aggressive planning assumptions as opposed to major structural issues. Atlantic believes it will take time for investors to rebuild conviction and sees incremental margin pressures as the company focuses on regaining share.
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