UPDATE: Citi Raises Price Target on Honeywell International to $55
According to Citi, Honeywell International (NYSE: APD) price target is raised to $55.
Citi said that ACS led the quarter with a welcomed improvement in operating margins bolstered by strengthening aerospace aftermarket, helping fuel a 5.8% stock reaction. “We are increasing our 2011/2012 EPS by 15c and our target price by $7 to $55, which leaves solid but not compelling 10% upside.”
Honeywell International closed on Friday at $51.28.
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