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Stock Market & Financial Investment News

News Breaks
July 3, 2014
09:01 EDTUTX, WSOWatsco increases ownership in joint venture with Carrier
Watsco (WSO) announced that it has acquired an additional 10% ownership interest in Carrier Enterprise, a joint venture with Carrier, a part of UTC Building & Industrial Systems, a unit of United Technologies (UTX). The transaction raises Watsco’s ownership stake to 80%. Consideration for the purchase was approximately $90M and was paid in cash.
News For WSO;UTX From The Last 14 Days
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February 27, 2015
18:10 EDTUTXLockheed Martin, United Technologies JV awarded $2B government contract
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February 25, 2015
17:23 EDTUTXUnited Technologies awarded $407M government contract
United Technologies Corp., East Hartford, Connecticut, has been awarded a $407M indefinite-delivery/indefinite-quantity contract for engine component improvement program. Contractor will provide design improvement, life management/analysis, repair development and test of engines produced by Pratt & Whitney. Work will be performed at East Hartford, Connecticut, and is expected to be complete by Dec. 31, 2021. This contract involves foreign military sales. This award is the result of a sole-source acquisition. Fiscal year 2015 research, development, test and evaluation funds in the amount of $5M are being obligated at the time of award for task order 0001. Air Force Life Cycle Management Center, Wright-Patterson Air Force Base, Ohio, is the contracting activity.
07:09 EDTUTXUnited Technologies price target to $138 ahead of Analyst Day at Credit Suisse
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February 23, 2015
06:51 EDTUTXAerospace sector downgraded to Neutral from Attractive at Goldman
Goldman downgraded the Aerospace sector to Neutral based on group outperformance and increased downside risks. The firm believes Boeing (BA) and Airbus are now oversupplying the market after a decade of undersupply and replacement demand required to sustain production may prove difficult to achieve. Goldman said accelerated new aircraft replacements was partially due to fuel economics and lower fuel prices and global growth volatility could substantially change Aerospace dynamics. As part of the sector view change, Goldman downgraded Boeing to Sell from Neutral and Precision Castparts (PCP) to Natural from Buy.
February 20, 2015
06:27 EDTUTXUnited Tech's Sikorsky may look to make military helicopters in India, WSJ says
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February 17, 2015
10:00 EDTWSOOn The Fly: Analyst Upgrade Summary
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05:10 EDTWSOWatsco upgraded to Neutral from Underweight at JPMorgan
JPMorgan upgraded Watsco to Neutral with a $109 price target following the company's Q4 results.

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