UPDATE: Berenberg Starts Honeywell International (HON) at Hold

January 14, 2022 4:36 AM EST
Get Alerts HON Hot Sheet
Price: $175.11 +0.75%

Rating Summary:
    16 Buy, 16 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 1 | Down: 0 | New: 0
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(Updated - January 14, 2022 5:48 AM EST)

Berenberg analyst Philip Buller initiates coverage on Honeywell International (NASDAQ: HON) with a Hold rating and a price target of $230.00.

The analyst comments "Great company, higher alpha alternatives: Honeywell is an exceptionally well-run company, enjoying leadership positions across each of its four businesses with a relentless focus on profitability. Moreover, the company is positively aligned towards several attractive themes, including the commercial aerospace recovery, building efficiency, warehouse automation, industrial automation and chemical technologies. However, while we like the company, we struggle to justify a higher share price at this time. We initiate with a Hold rating and a DCF- and SOTP-driven price target of USD230."

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 $219.43 yesterday.

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