Jefferies & Company Reiterates Buy Rating, $72 PT on Honeywell International
In a report published Monday, Jefferies & Company reiterated its Buy rating and $72.00 price target on Honeywell International (NYSE: HON).
Jefferies noted, “In conjunction with its agreement to acquire Intermec (IN, $9.80, NC), HON announced its 2013 guidance, which had been scheduled to be released on Dec. 17th. A call today to review its outlook is set for 10AM. EPS guidance for 2013 is $4.75-$4.95, with revenues in the range of $39 - 39.5BB, including Intermec. Our 2012 and 2013 EPS estimates remain $4.50 and $4.90.”
Honeywell International closed on Friday at $61.97.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.