RBC Capital Adjusts Estimates Following United Technologies (UTX) 2016 Outlook - PT to $102
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General Electric valuation hits lofty levels after stock surge
December 14, 2015 4:01 PM ESTBy Lewis Krauskopf
NEW YORK (Reuters) - General Electric Co (NYSE: GE) shares are trading at their highest valuation in more than a decade, reversing discounts to other industrial rivals and adding pressure on the U.S. conglomerate to show it can drive profits in line with its newfound market premium. After a big run this year, GE shares sit at 20 times forward 12-months earnings projections, their highest level since 2005, according to Thomson Reuters data. GE, the sixth-biggest U.S. company by market value, gets a chance to prove the... More
United Tech (UTX) Offers No Frills Guidance; Outlook Appears Well Balanced - RBC
December 11, 2015 8:23 AM ESTRBC reaffirmed its Sector Perform rating and $100 price target on United Technologies Corp. (NYSE: UTX) following the company's issuance of FY16 guidance and update on Thursday.
Analyst Robert Stallard noted that UTX has a balanced outlook for next year. The analyst commented: UTX has a lot of moving parts, but we would... More
