Barclays Raises Estimates on Honeywell International (HON); Lack of Attention on Wall Street
Tweet
Share
E-mailGet Alerts HON Hot Sheet
Price: $233.96 -0.01%
Rating Summary:
19 Buy, 18 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
19 Buy, 18 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Barclays maintains an 'Overweight' on Honeywell International (NYSE: HON) price target of $74.00.
Analyst, Scott R. Davis, said, "HON is playing out as one of the better stories in Industrials. Earnings quality continues to be good and consistency of results is building a track record. HON's transition over the last several years has resulted in a company with much lower execution risk, generally lower risk business model and asset base, and assets are positioned in verticals where the company has sustainable competitive advantages."
Davis raises FY12 EPS estimates from $4.35 to $4.45 and thinks the stock will begin to outperform, noting YTD underperformance on 'lack of attention' by investors.
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.
Analyst, Scott R. Davis, said, "HON is playing out as one of the better stories in Industrials. Earnings quality continues to be good and consistency of results is building a track record. HON's transition over the last several years has resulted in a company with much lower execution risk, generally lower risk business model and asset base, and assets are positioned in verticals where the company has sustainable competitive advantages."
Davis raises FY12 EPS estimates from $4.35 to $4.45 and thinks the stock will begin to outperform, noting YTD underperformance on 'lack of attention' by investors.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- JD.com (JD) Reiterated at Buy by Benchmark Amid Earnings Recovery
- Vivos Therapeutics posts 35% revenue gain but widens net loss
- Piper Sandler Reiterates Overweight Rating on KKR (KKR), 'highest conviction name'
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
Barclays, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
