Nomura Securities Maintains a 'Buy' on Honeywell International (HON); Adjusting PT & Estimates

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Nomura Securities maintains a 'Buy' on Honeywell International (NYSE: HON) price target raised $1 to $73.

Analyst, Shannon O'Callaghan, said, "HON raised the high end of annual guidance and guided 2Q above consensus. 2012 EPS guidance was raised from $4.25-$4.50 to a new range of $4.35-$4.55. Margin improvement now guided up 60-80bp in 2012 vs. prior 30-60bp guidance, early evidence that the margin focus Honeywell has added to its comp plan is paying off. We raise our 2012 and 2013 EPS estimates by $0.10 and $0.05, respectively, to $4.55 and $5.00."

For an analyst ratings summary and ratings history on Honeywell International click here. For more ratings news on Honeywell International click here.

Shares of Honeywell International closed at $59.39 yesterday, with a 52 week range of $41.22-$62.10.

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