• Return to Headlines

Downgrade Alert for United Technologies (UTX)

By Amy Schwartz

United Technologies (NYSE:UTX) was downgraded from Outperform to Sector Perform at RBC Capital today. The stock closed yesterday at $102.13 on volume of 4.8 million shares, above average daily volume of 3.9 million.

United Technologies (NYSE:UTX) has potential upside of 6.8% based on a current price of $102.13 and analysts' consensus price target of $109.07. United Technologies shares have support at the 50-day moving average (MA) of $99.97 and additional support at the 200-day MA of $95.50.

United Technologies Corporation provides technology products and support services to customers in the aerospace and building industries worldwide. The Company's products include aircraft engines, elevators and escalators, heating and air conditioning equipment, helicopters, aerospace systems, fuel cell systems, and fire and safety equipment.

Over the past year, United Technologies has traded in a range of $83.39 to $119.66 and closed yesterday at $102.13, 22% above that low. The 200-day and 50-day moving averages have moved 0.11% lower and 0.97% higher over the past week, respectively.

SmarTrend is tracking the current trend status for United Technologies and will alert subscribers who have UTX in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades United Technologies

Ticker(s): UTX