United Technologies EPS could reach $10+ in medium term, says Credit Suisse Credit Suisse believes that United Technologies' renewed emphasis on its non-aerospace business could enable the company's EPS to reach $10+ in the medium term. The term increased its price target on the shares to $130 from $125 and keeps an Outperform rating on the stock.
Otis selected for Hudson Yards development Otis has entered into a multimillion-dollar agreement with related companies to supply elevator and escalator units for the new Hudson Yards development in Manhattan's West Side. As part of its contract, the world's largest manufacturer and maintainer of people-moving products will provide 73 units for 30 Hudson Yards, a 92-story, 2.6 million-square-foot tower that will be among the first to be constructed at the site. Founded by the inventor of the safety elevator, Otis is a part of UTC Building & Industrial Systems, a unit of United Technologies.