Honeywell (HON) PT Raised at Jefferies Post Q2
While rivals were busy downgrading Honeywell International (NYSE: HON) Monday, Jefferies sees more upside ahead.
Today, Jefferies analyst Howard Rubel boosted his price target on HON from $80 to $98, raised Q3 EPS estimates from $1.22 to $1.28 and raised FY2014 EPS estimates from $5.35 to $5.55. He said productivity is driving performance.
Rubel commented, "We continue to rate HON a BUY. Our price target is boosted to $98, and we believe that the company is structured to generate above average returns for the foreseeable future. Our EPS estimates are $4.95 and $5.55 for 2013 and 2014. The latter is boosted from $5.35. We believe the company has the potential to deliver EPS of $6.05 in 2015."
Shares of Honeywell International closed at $83.57 yesterday, with a 52 week range of $55.93-$84.85.
Today, Jefferies analyst Howard Rubel boosted his price target on HON from $80 to $98, raised Q3 EPS estimates from $1.22 to $1.28 and raised FY2014 EPS estimates from $5.35 to $5.55. He said productivity is driving performance.
Rubel commented, "We continue to rate HON a BUY. Our price target is boosted to $98, and we believe that the company is structured to generate above average returns for the foreseeable future. Our EPS estimates are $4.95 and $5.55 for 2013 and 2014. The latter is boosted from $5.35. We believe the company has the potential to deliver EPS of $6.05 in 2015."
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Shares of Honeywell International closed at $83.57 yesterday, with a 52 week range of $55.93-$84.85.