Reuters: Global Markets: United Technologies shares poised for double-digit rise: Barron's

Reuters: Global Markets Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

United Technologies shares poised for double-digit rise: Barron's Apr 7th 2013, 14:45 Sun Apr 7, 2013 10:45am EDT (Reuters) - Shares of industrial conglomerate United Technologies Corp (UTX.N) may be poised for double-digit increases over the next year to 18 months as its acquisition of Goodrich pays off and other businesses rebound, financial newspaper Barron's said. Citi Research analyst Deane Dray, who is quoted in the article, sees United Technologies shares gaining 18 percent this year to $110. Its shares closed at $92.64 on the New York Stock Exchange on Friday. United's Otis elevator unit and the security and fire prevention businesses also are placed to make meaningful contributions this year, helped by overseas expansion, Barron's said in its April 8 edition. With a $2.14 per share dividend, a share buyback program and earnings that could rise 15 percent this year, United Technologies shares are looking like a good bet, the article said.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions