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Fly News Breaks for January 4, 2019
UTX
Jan 4, 2019 | 07:55 EDT
As noted earlier, RBC Capital analyst Deane Dray downgraded United Technologies to Sector Perform from Outperform and lowered his price target to $119 from $139. The analyst believes that shares are likely "stuck in limbo" until the mid-late 2020 spin transactions, adding that the potential upside from the possible Carrier is not enough to keep him positive. Dray further warns about the "potential for some spin-related business disruptions and market share losses during this limbo period."
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