Honeywell Forecasts 2016 Sales Of $39.9-$40.9 Billion, Up 4%-6%; Earnings Guidance Of $6.45-$6.70, Up 6%-10%

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Go back to Honeywell Forecasts 2016 Sales Of $39.9-$40.9 Billion, Up 4%-6%; Earnings Guidance Of $6.45-$6.70, Up 6%-10%

Oppenheimer Raises Price Target Following Honeywell's (HON) 2016 Outlook

December 17, 2015 8:11 AM EST

Oppenheimer reiterated an Outperform rating on Honeywell International (NYSE: HON), and raised the price target to $120.00 (from $117.00), following the company's 2016 outlook. Guidance for 2016 EPS was $6.45-6.70 compared to consensus estimates of $6.55, and reflects 6-10% expansion.

Analyst Christopher Glynn commented, "Guidance for 2016 EPS of $6.45-6.70 (excluding... More