This morning, Drexel Hamilton increased its price target on shares of United Technologies (UTX) to $110 as the firm feels it should trade at a higher multiple than the sector. With the higher price target, Drexel reiterated its buy rating. Shares of UTX were higher by 0.4% on Monday.
Sterne Agee initiated coverage on shares of 21st Century Fox (NASDAQ:FOXA) with a buy rating following the spin off from News Corp. Sterne Agee sees earnings growth re-accelerating in 2015 and set a $36 price target. Shares of 21st Century Fox lower on Monday, trading just above $30 per share.
And Piper Jaffray upgraded shares of AGCO Corp. (NYSE:AGCO) from neutral to overweight as demand from South America will drive earnings. With the upgrade, Piper set a $61 price target. Shares of AGCO were higher by 1.7% on the news.
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