The firm said the technology company's 2015 consensus earnings per share estimate of $7.64 is too high, and lowered its 2015 EPS to $7.25 from $7.45, and its valuation range for shares to $110-$115 from $128-$132.
United Technologies reported stronger than expected second quarter earnings, but Wells Fargo said in its note that "nothing stood out as exceptional, and 2014 cash flow guidance was reduced."
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Separately, TheStreet Ratings team rates UNITED TECHNOLOGIES CORP as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
Highlights from the analysis by TheStreet Ratings Team goes as follows: