Gleacher & Co. Reiterates a 'Buy' Rating on Honeywell (HON); Solid Growth/Margin Gains for 2011; 25%+ Upside for HON
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Price: $79.24 --0%
Rating Summary:
13 Buy, 4 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
13 Buy, 4 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Trade HON Now!
Gleacher & Co. reiterates a 'Buy' rating on Honeywell International (NYSE: HON), PT $67.
Gleacher analyst says, "Our 2011 sales estimate is now $35.7 billion versus guidance of $35-$36 billion and consensus of $35.7 billion. Our forecast reflects mid- to high- single-digit revenue growth across all four segments including: 6% for Aerospace, 10% for ACS, 6% for Special Materials and 8% for Transportation. Our total operating margin assumption for 2011 is 14.9%, 90bps above our 2010 estimate."
For more ratings news on Honeywell International click here and for the rating history of Honeywell International click here.
Shares of Honeywell International closed at $51.54 yesterday, with a 52 week range of $36.20-$49.02.
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Gleacher analyst says, "Our 2011 sales estimate is now $35.7 billion versus guidance of $35-$36 billion and consensus of $35.7 billion. Our forecast reflects mid- to high- single-digit revenue growth across all four segments including: 6% for Aerospace, 10% for ACS, 6% for Special Materials and 8% for Transportation. Our total operating margin assumption for 2011 is 14.9%, 90bps above our 2010 estimate."
For more ratings news on Honeywell International click here and for the rating history of Honeywell International click here.
Shares of Honeywell International closed at $51.54 yesterday, with a 52 week range of $36.20-$49.02.
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