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UTX

United Technologies

$122.47

1.72 (1.42%)

20:07
02/08/19
02/08
20:07
02/08/19
20:07

Third Point still holds stake in United Technologies, Bloomberg reports

Dan Loeb's Third Point still holds a stake in United Technologies despite its quarterly filing tonight showing it sold its shares in the company, Scott Deveau of Bloomberg reports, citing a person familiar with the matter. The filing showed that Third Point sold 8.4M United Technologies shares valued at about $1.17B during the fourth quarter. However, this shows only how many common shares the fund holds, not other types of investments, including options, Deveau says. Third Point continues to own the same size of position in United Technologies, although it wasn't in common stock as of December 31, a source told Bloomberg.

UTX United Technologies
$122.47

1.72 (1.42%)

02/01/19
GSCO
02/01/19
UPGRADE
GSCO
Conviction Buy
United Technologies upgraded to Conviction Buy from Buy at Goldman Sachs
02/01/19
02/01/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. United Technologies (UTX) upgraded to Conviction Buy from Buy at Goldman Sachs. 2. Eldorado Gold (EGO) upgraded to Outperform from Sector Perform at National Bank and to Outperform from Market Perform at BMO Capital. 3. Baxter (BAX) upgraded to Equal Weight from Underweight at Barclays with analyst Kristen Stewart saying over the past three months, expectations for the company have been reset, making a neutral rating more appropriate. The analyst also raised her price target for the shares to $72 from $67. 4. Cooper Companies (COO) upgraded to Overweight from Equal Weight at Stephens with analyst Chris Cooley saying he believes that the company is positioned to boost its earnings guidance, citing a stronger growth of its single-use daily SiH contact lens sales, above-forecast Paragard sales, and more modest FX-related headwinds than previously anticipated. 5. Allegiant Travel (ALGT) upgraded to Outperform from In-Line at Imperial Capital with analyst Michael Derchin saying he views the shares as attractive after the company's fiscal 2019 earnings outlook came in well ahead of his expectations. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/01/19
GSCO
02/01/19
UPGRADE
Target $153
GSCO
Conviction Buy
Goldman Sachs adds United Technologies to Conviction List with $153 target
Goldman Sachs analyst Noah Poponak earlier today added United Technologies to his firm's Conviction List while keeping a Buy rating on the name. He raised his price target for the shares to $153 from $152. Consensus estimates have started to be driven higher and the stock should follow, Poponak told investors in a research note. Further, the analyst believes United Technologies' Q4 results "cleaned up some concerns," with better than expected earnings and cash guidance, "strong" aftermarket despite a tough comp, a sequentially higher Otis margin, the breakup timeline pull forward, and "really solid Collins numbers across the board." Poponak also sees value in United Technologies' sum-of-the-parts with the company pulling the planned break-up timeline forward to spring 2020. The stock in morning trading is up 92c to $118.99.
02/08/19
MSCO
02/08/19
NO CHANGE
Target $155
MSCO
Overweight
Morgan Stanley says 'stay involved' with United Technologies, ups target to $155
Morgan Stanley analyst Rajeev Lalwani believes the next 1-2 quarters will "get interesting" for United Technologies, laying out three reasons he sees to "stay involved" in the stock in the near-term. Namely, he thinks the company is at a "now or never" moment in regard to strategic actions; there is growing potential around trade resolution; and the recently accelerated timetable for its split means investors are getting closer to realizing the 30% sum-of-the-parts discount he sees in the stock, Lalwani tells investors. He reiterated an Overweight rating on United Technologies shares and raised his price target to $155 from $145.

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