UPDATE: Goldman Sachs Raises Honeywell International's PT

According to a research report published earlier today, Goldman Sachs has increased Honeywell International's

PT from $63 to $65. Goldman Sachs commented in the report, "Following better than expected 1Q2012 EPS of $1.04 that beat GS/consensus of $1.03/$0.99 – largely on margin outperformance at PMT (UOP-driven) that is likely to continue – we raise our 2012 EPS estimate to $4.60 from $4.55, still above revised guidance of $4.35-$4.55 at the high-end. Aero, ACS and TS all performed in-line and continue to have a solid outlook. Our 2Q EPS estimate rises to $1.14 from $1.10 vs. guidance $1.09-$1.13 and we also raise 2013-14 EPS to $5.20/$6.15 from $5.15/$6.10." Goldman Sachs maintains its Neutral rating on Honeywell International, which is currently trading at $58.87.