Market Overview

UPDATE: Morgan Stanley Increases PT to $71 on Honeywell International on Revenue Headwinds

Share:
Related GLNG
Alphabet, Bristol-Myers And More: Fast Money Picks For January 6
Intel, Weight Watchers And More: Fast Money Picks For January 5

Morgan Stanley reiterated its Overweight rating on Honeywell International (NYSE: HON) and raised its price target from $68 to $71.

Morgan Stanley commented, "With Aero A/M, Defense, UOP and Turbo running into headwinds, we see downside risks to FY12e revenue, but front loaded cost saving initiatives should help absorb volume pressure and so preserve EPS guidance. Reiterate OW and raise our 12m price target from $68 to $71."

Honeywell International closed at $39.00 on Friday.

Latest Ratings for GLNG

DateFirmActionFromTo
Jan 2017Nordea EquityDowngradesHold
Oct 2016ABN AmroUpgradesSellHold
Jul 2016DNB MarketsUpgradesHoldBuy

View More Analyst Ratings for GLNG
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Price Target Reiteration Intraday Update Analyst Ratings

 

Related Articles (GLNG + HON)

View Comments and Join the Discussion!