Sterne Agee: Honeywell on Track for FY14 Targets

In a recent research report published by Sterne Agee, Honeywell International Inc.

maintained 2012 guidance and long-term targets at its analyst day in NYC. Sterne Agee commented in the report, “HON reiterated its 2014 targets of $41 billion-$45 billion sales, 6-8% CAGR and operating margins of 16-18%. Sales growth will be driven by HON's exposure to key global industrial trends including: Globalization & Productivity $2+ billion (refining, aerospace, wireless), Safety & Security $2+ billion (Air traffic, personal protection, building safety), Energy Efficiency $1+ billion (energy management, turbo chargers), and Energy Generation $1+ billion (lithium-ion batteries, natural gas storage).” Sterne Agee maintains its Buy rating and $69 PT on Honeywell International, which closed yesterday at $57.74.