Wachovia Cuts United Technologies to Buy
Wachovia cut its rating on United Technologies (UTX ) to buy from strong buy, saying it ses uncertainties among investors relating to the techology products company's succession plan among other issues. The company announced Karl Krapek, its president and chief operating officer will retire. UTX also reiterated that it is confident it will meet earnings consensus figures.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.