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Fly News Breaks for August 31, 2015
UTX
Aug 31, 2015 | 05:37 EDT
Barclays analyst Carter Copeland downgraded United Technologies to Equal Weight saying earnings estimates for 2016 are likely to drop further while visibility is low for 2017. The company's Otis unit is facing pressure in China while foreign currency headwinds will offset some of the growth at other subsidiaries, English tells investors in a research note. He cut his price target for shares to $100 from $120.
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