Nomura Securities Maintains a 'Buy' on Honeywell Int'l (HON); Specialty Materials Meeting Showcases Improved Margins and Growth Opportunities

Nomura Securities maintains a 'Buy' on Honeywell Int'l (NYSE: HON) price target of $62.00.

Nomura analyst Shannon O'Callaghan, said, "Since early in the last decade, Honeywell has engineered an impressive transformation of its Specialty Materials segment (~15% of HON) via a combination of divestitures, acquisitions, and reinvestment. At an investor meeting yesterday, it was clear that management has kept the foot on the gas in terms of investment, which has created abundant growth opportunities amidst strong margin expansion."

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 $44.14 yesterday.

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