UTX, Reynolds American Ready to Move Higher Says Eaton Vance Manager

United Technologies' new CEO is taking a hands-on approach to the conglomerate's valuable assets and moving the company in the right direction.
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United Technologies' new CEO is taking a hands-on approach to the conglomerate's valuable assets and moving the company in the right direction, said Edward Perkin, Equities Chief Investment Officer at Eaton Vance. Perkin added that United Technologies will benefit from its decision to exit its Sikorsky helicopter business and its shareholders will also profit from its share buyback plan. He is also bullish on Reynolds American, saying the tobacco company is undervalued and will fare well whether or not it completes the Lorillard merger. Finally, Perkin is positive on NXP Semiconductors in the wake of the well-received Freescale acquisition, saying the chipmaker will now see more of its products going into automobiles.