Market Overview

UPDATE: Langenberg & Company Downgrades Honeywell International to Hold, Reiterates $66 PT

Related HON
Benzinga's M&A Chatter for Wednesday November 19, 2014
Honeywell Fends Of EEOC Bid To Halt Wellness Program Sanctions
Making Money With Charles Payne: 10/17/14 (Fox Business)

In a report published Wednesday, Langenberg & Company downgraded its rating on Honeywell International (NYSE: HON) from Buy to Hold, and reiterated its $66.00 price target.

Langenberg & Company noted, “downgrade to Hold from Buy. Close to $66 target. Average Street target is $70 but we note the hottest segment (PMT) is specialty chemical – a 6X EBITDA sector.”

Honeywell International closed on Monday at $63.47.

Latest Ratings for HON

DateFirmActionFromTo
Nov 2014Morgan StanleyMaintainsOverweight
Oct 2014BarclaysMaintainsOverweight
Oct 2014BarclaysMaintainsOverweight

View More Analyst Ratings for HON
View the Latest Analyst Ratings

Posted-In: Langenberg & CompanyAnalyst Color Downgrades Analyst Ratings

 

Related Articles (HON)

Around the Web, We're Loving...

Get Benzinga's Newsletters