Oppenheimer Maintains an 'Outperform' on Honeywell (HON) After Solid Quarter

Oppenheimer maintains an 'Outperform' on Honeywell International (NYSE: HON).

Analyst, Christopher Glynn, said, "ACS put up a solid workmanlike quarter, despite headwinds from FX and European short cycle, and Performance Materials & Technology continues to redefine profitability levels upwards, while HON's margin expansion thesis continues to play out well...Highlights were 8% Aero revenue growth (7% organic, but 4% excluding prior-year pre-production costs), including 16% organic commercial growth and 9% from the larger aftermarket business; continued gravity-defying profit growth at PMT (+25% y-o-y); and new Turbo launches."

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 $54.54 yesterday.

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