Like the roads around most major cities, the construction of a large industrial conglomerate is never finished. United Technologies (NYSE:UTX)
is now strongly leveraged to the expected growth in commercial
aerospace over the next decade, but the Building and Industrial Systems
segment has suffered in comparison. Like most industrial conglomerates,
United Technologies doesn't look like a tremendous bargain at today's
levels, but I wouldn't underestimate the potential of a value-bidding
deal in the next 12 to 18 months.
Read the full article here:
With Aerospace Squared Away, Will United Technologies Go Back To Big Deals?
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