UPDATE: Morgan Stanley Increases PT to $71 on Honeywell International on Revenue Headwinds
Morgan Stanley reiterated its Overweight rating on Honeywell International (NYSE: HON) and raised its price target from $68 to $71.
Morgan Stanley commented, "With Aero A/M, Defense, UOP and Turbo running into headwinds, we see downside risks to FY12e revenue, but front loaded cost saving initiatives should help absorb volume pressure and so preserve EPS guidance. Reiterate OW and raise our 12m price target from $68 to $71."
Honeywell International closed at $39.00 on Friday.
Latest Ratings for GLNG
|Feb 2015||Dankse Bank||Upgrades||Hold||Buy|
|Jan 2015||Nordea Equity Research||Upgrades||Hold||Buy|
|Jan 2015||Global Hunter||Upgrades||Accumulate||Speculative Buy|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.