Mizuho analyst Brett Linzey raised the firm’s price target on Honeywell to $225 from $220 and keeps a Buy rating on the shares. The company reported a Q1 "beat and raise" on late-cycle strength, the analyst tells investors in a research note.
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Published first on TheFly
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- Honeywell says encouraged by strength in many areas of portfolio
- Honeywell sees Q2 adjusted EPS $2.15-$2.25, consensus $2.20
- Honeywell raises FY23 adjusted EPS view to $9.55-$9.80 from $9.35-$9.75
- HONEYWELL DELIVERS STRONG FIRST QUARTER RESULTS AND BEATS GUIDANCE ON ALL METRICS, RAISES FULL-YEAR SALES, SEGMENT MARGIN, AND ADJUSTED EPS GUIDANCE
- Honeywell reports Q1 adjusted EPS $2.07, consensus $1.93