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Fly News Breaks for August 31, 2015
UTX
Aug 31, 2015 | 08:22 EDT
Cowen views the risk/reward for United Technologies as compelling, calling for limited downside and 25% upside to shares. Cowen sees the company's aftermarket franchises intact with expectations for solid earnings and free cash flow gains. The firm reiterated its Outperform rating but lowered its price target to $116 from $119 on United Technologies shares.
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