UPDATE: Morgan Stanley Reiterates Overweight Rating, Raises PT on Honeywell International

In a report published Monday, Morgan Stanley reiterated its Overweight rating on Honeywell International (NYSE: HON), and raised its price target from $71.00 to $73.00.

Morgan Stanley noted, “The combination of true portfolio diversification and proactive restructuring is allowing HON to meet/exceed expectations during these tough times. Keep on delivering and the premium will likely follow. Reiterate OW, but we have raised our target from $71 to $73.”

Honeywell International closed on Friday at $62.49.

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