Citi analyst Andrew Kaplowitz raised the firm’s price target on Honeywell to $242 from $240 and keeps a Buy rating on the shares. The company deliverer solid Q1 earnings and raised its 2023 organic growth and earnings outlooks, the analyst tells investors in a research note. The firm says Honeywell’s diverse portfolio of "well positioned businesses," coupled with solid execution, continues to position it well for sustainable earnings growth.
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Published first on TheFly
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Read More on HON:
- Honeywell price target raised to $225 from $220 at Mizuho
- 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