Langenberg & Company Downgrades Honeywell International (HON) to Hold

January 2, 2013 3:08 PM EST
Get Alerts HON Hot Sheet
Price: $117.41 -0.35%

Rating Summary:
    15 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
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Langenberg & Company downgraded Honeywell International (NYSE: HON) from Buy to Hold with a price target of $66.00.

"Average Street target is $70 but we note the hottest segment (PMT) is specialty chemical – a 6X EBITDA sector," the firm comments.

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 $63.47 yesterday.

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