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United Technologies knows the development of emerging markets has only just begun

Posted Oct 28th 2009 9:00AM by Joseph Lazzaro (RSS feed)
Filed under: United Technologies (UTX)

The jet age is starting to re-assert itself, which is why I'm Reiterating my Buy rating for United Technologies (NYSE: UTX), first recommended on February 13, 2009 at a price of $47.09. If you bought UTX in February, you're up about 35%.

The projected 3-4% FY2010 revenue growth for UTX is looking a tad low, due to large order backlogs for both Boeing (NYSE: BA) and Airbus. Wall Street had factored-in some order deferments/cancellations, and that did weigh on United Technologies shares this summer, but now it appears the D/Cs will not be as large, which removes a potential revenue cloud.

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