Honeywell (HON) PT Raised at Jefferies Post Q2
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Price: $230.66 +0.72%
Rating Summary:
18 Buy, 18 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 17 | Down: 9 | New: 23
Rating Summary:
18 Buy, 18 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 17 | Down: 9 | New: 23
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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."
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 $83.57 yesterday.
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."
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 $83.57 yesterday.
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