BofA Adds United Technologies (UTX) to 'US 1 List'

Shares of United Technologies (NYSE: UTX) are modestly outperforming the broader stock market Monday following some positive comments from an analyst at BofA Merrill Lynch. Compared to a 0.36 percent rise in the S&P 500, United Technologies shares are up 0.86 percent to $84.22.

The BofA analyst added shares of United Technologies to the firm's "US 1 List," also reiterating a Buy rating. The analyst noted the stock's underperformance since announcing the Goodrich (NYSE: GR) acquisition. The stock is up 10.8 percent since September 19th, 2011, while the S&P 500 is up more than 12 percent.

Check out our Analyst Ratings page to track all the market-moving analyst calls on shares of United Technologies.

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