Morgan Stanley analyst Joshua Pokrzywinski raised the firm’s price target on Honeywell to $221 from $219 and keeps an Equal Weight rating on the shares. Honeywell’s end markets and margin performance reflect improving supply chain, project strength in process industries and a strong rebound in aerospace markets, but in aerospace, “at these growth levels, defining outgrowth is tricky,” the analyst tells investors.
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Read More on HON:
- HONEYWELL ANNOUNCES QUARTERLY DIVIDEND
- Honeywell sees Q3 adjusted EPS $2.15-$2.25, consensus $2.82
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- Honeywell reports Q2 adjusted EPS $2.23, consensus $2.21
- HONEYWELL DELIVERS STRONG SECOND QUARTER RESULTS AND RAISES FULL-YEAR SALES, SEGMENT MARGIN, AND ADJUSTED EPS GUIDANCE