On Dec 31, we issued an updated research report on United Technologies Corporation (UTX – Free Report) . This Zacks Rank #3 (Hold) stock is poised to grow on the back of ongoing portfolio restructuring moves and stronger end-market sales. However, rising costs are a major concern.
Lets delve into the aspects that are influencing the stocks performance.
Favorable Factors
United Technologies expects that ramp up in military programs, increased global air traffic and high passenger load factor will boost upcoming quarterly results of the Aerospace business. Meanwhile, increased construction activity in the United States, higher infrastructure spending in China and greater urbanization rate in Asia is expected to enhance …
Read the full article at: https://www.zacks.com/stock/news/345150/united-technologies-gains-on-restructuring-moves-costs-high