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Jefferies & Company Reiterates Buy Rating, $72 PT on Honeywell International

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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.

Posted-In: Jefferies & CompanyAnalyst Color Reiteration Analyst Ratings

 

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