Honeywell (HON) Named Catalyst Call: Buy Idea at Deutsche Bank

April 13, 2021 6:56 AM EDT
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Honeywell (NYSE: HON) named Catalyst Call: Buy Idea at Deutsche Bank.

Analyst Nicole DeBlase commented, "From our conversations with investors leading up to the quarter, we sensed a real lack of enthusiasm on HON, which is odd considering YTD underperformance (HON has seen the weakest gain of all names that we cover, +3% YTD vs. +16% median) and favorable late-cycle end-market exposure (Commercial Aero, O&G and Non-Resi Construction amount to 53% of total company sales). We view 1Q as a positive catalyst, given that we sit $0.10 ahead of consensus for the quarter, as the recovery takes hold."

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