Jefferies Maintains a 'Buy' on Honeywell International (HON); Waiting for the Turbo to Kick In

Jefferies maintains a 'Buy' on Honeywell International (NYSE: HON) price target of $72.00.

Analyst, Howard A. Rubel, said, "Management of Honeywell’s Transportation Systems unit along with Caterpillar (NYSE: CAT)(HOLD) jointly hosted investors at CAT’s Tinaja Hills Facility for a briefing and demonstration of off-highway equipment to gain a better understanding of HON’s Turbocharger Capabilities. We estimate that HON generates about $250 million in revenues from the sale of Turbochargers to Caterpillar."

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 $57.37 yesterday.

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