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Actionable news in UTX: UNITED TECHNOLOGIES CORPORATION,

United Technologies (UTX) Stock Downgraded at RBC Capital

NEW YORK (TheStreet) -- United Technologies Corp. (UTX - Get Report) stock was downgraded to "sector perform" from "outperform" at RBC Capital on Tuesday morning.

The firm cut its price target on the worldwide provider of high tech products and services to the building systems and aerospace industries to $100 from $113.

RBC Capital believes that United Technologies stock is fairly valued due to the recent rally over the last few weeks. The firm sees "no discernable change to company or industry fundamentals, we see this as an opportune point to move to the sidelines on this name."

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The firm is expecting the company's 2015 third quarter earnings results to show an order and sales decline in China. "Underlying trends are not improving" in the aerospace segment as well, RBC Capital pointed out.

Shares of United Technologies are down by...


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