Market Overview

J.P. Morgan Reiterates Overweight Rating on Honeywell International

Share:
Related HON
Danaher's Not Cheap, But Barclays Says Price Is Worth It For A 'Sleep At Night' Stock
Buy Honeywell On The Selloff, Says Argus
Honeywell International declares $0.595 dividend (Seeking Alpha)

In a report published Monday, J.P. Morgan & Co. reiterated its Overweight rating on Honeywell International (NYSE: HON).

J.P. Morgan noted, “Initial 2013 guidance is an in-line event despite lower organic growth, reinforcing our view of best-in-class ‘EPS leverage' in a tough economy on the back of margin opportunity and disciplined M&A. With appropriately conservative organic growth, the recent track record would suggest the high end is very much achievable, with some hedge perhaps around deal dilution/FX. The IN deal is right down the middle and portends more aggressive activity going forward, key to potential earnings upside in '14 (guidance still calls for ~$5.80 in EPS at the m/p vs. Street at $5.49) and beyond. In the end, this looks like a ‘check the box' event with no change to our OW thesis.”

Honeywell International closed on Friday at $61.97.

Latest Ratings for HON

DateFirmActionFromTo
Jul 2016Argus ResearchMaintainsBuy
Jul 2016Morgan StanleyMaintainsOverweight
Jul 2016BarclaysMaintainsOverweight

View More Analyst Ratings for HON
View the Latest Analyst Ratings

Posted-In: J.P. Morgan & Co.Analyst Color Reiteration Analyst Ratings

 

Related Articles (HON)

View Comments and Join the Discussion!