Mark Elwa
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Mark Elwa in Gainers & Losers,

United Technologies sets $6 billion accelerated buyback

United Technologies has entered into accelerated share-buyback agreements with two banks to repurchase $6 billion of the company’s common stock, according to a Securities and Exchange Commission filing Thursday.

The buyback is part of the company’s $10 billion share repurchase for the year.

Suppose to buy it today. Target price $106.5 per share