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Sanford Bernstein analyst Doug Harned asks $UTX whether spending for product development will happen in Otis or CCS business in near future. CEO Greg Hayes says that Otis spending will double over the next couple of years, while on CCS, the company had already doubled E&D, which is about 2% of sales. So, this is expected to continue at that level.
$AAL is getting stronger into Dec. after a strong Nov..!! I’m feeling confident about their 4Q revenue forecast for a margin rise.
$KO’s CEO Muhtar Kent to step down next year. COO James Quincey will take the helm in what is already a smooth sailing scenario. And as always, shares reflect by growing 2% after the market opened.