Deutsche Bank placed a "Catalyst Call: Buy" on shears of Honeywell as a short-term investment idea into the company’s Q1 results. Honeywell has been a material underperformer year-to-date, with the stock is down 11%, which is broadly reflective of its disappointing Q1 guidance, the analyst tells investors in a research note. However, the firm believes the company has a "highly attractive portfolio at this point in the cycle." It expects a Q1 earnings beat with Q2 guidance in-line with Street estimates.
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Published first on TheFly
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