Universal Technologies (NYSE:UTX) is strong on international exposure, which empowers it to leverage growth in emerging markets, but at this time FBR likes Illinois Tool (NYSE:ITW), Tyco (NYSE:TYC), 3M (NYSE:MMM), Cooper (NYSE:CBE), WESCO (NYSE:WCC), SPX (NYSE:SPW) and Actuant (NYSE:ATU), citing more upside to their price targets on them.
FBR says, "We continue to view UTC as better positioned relative to other late-cycle companies reflecting revenue visibility afforded by its 40% aftermarket exposure. We also like the company’s 53% international revenues, which help it leverage growth in emerging markets. However, we see greater upside to our price targets in Outperform-rated Illinois Tool (ITW), Tyco (TYC), 3M (MMM), Cooper Industries (CBE), WESCO ( WCC), SPX (NYSE: SPW), and Actuant (ATU). We are maintaining our 2011/2012 estimates and Market Perform rating on United Technologies with a 12-month price target of $83, representing 6% potential upside."
FBR Capital maintains a 'Market Perform' rating on Universal Technologies (UTX), which closed Thursday at $82.59, gaining $1.18, or 1.45 percent. FBR has a price target of $83 on UTX.
Showing posts with label Universal Technologies. Show all posts
Showing posts with label Universal Technologies. Show all posts
Friday, January 28, 2011
Monday, December 13, 2010
Universal Technologies (NYSE:UTX) Outlook Conservative Say FBR
At their outlook meeting in New York, guidance from Universal Technologies (NYSE:UTX) was considered to be conservative, and
should enjoy decent growth in 2011, said FBR.
They commented, "As expected, United Technologies provided modestly below-consensus 2011 EPS and revenue guidance at its well-attended outlook meeting in New York. Key assumptions appear conservative, including overall organic revenue growth of 3%–5% and implied incremental margins of - 25%. Five of the company’s six segments are expected to grow mid- to high-single digits organically, partially offset by modest declines at Pratt Whitney (24% of revs.)."
FBR Capital maintains a "Market Perform" on Universal Technologies, which closed Friday at $78.40, up $0.77, or 0.99 percent. They have a price target of $80 on them.
should enjoy decent growth in 2011, said FBR.
They commented, "As expected, United Technologies provided modestly below-consensus 2011 EPS and revenue guidance at its well-attended outlook meeting in New York. Key assumptions appear conservative, including overall organic revenue growth of 3%–5% and implied incremental margins of - 25%. Five of the company’s six segments are expected to grow mid- to high-single digits organically, partially offset by modest declines at Pratt Whitney (24% of revs.)."
FBR Capital maintains a "Market Perform" on Universal Technologies, which closed Friday at $78.40, up $0.77, or 0.99 percent. They have a price target of $80 on them.
Subscribe to:
Posts (Atom)