Market Overview

Honeywell International Inc. (HON) Maintains Buy Rating

Share:

Analysts Howard A. Rubel and John M. Croke at Jefferies & Company Inc. (NYSE: JEF) have maintained their Buy rating for Honeywell International Inc. (NYSE: HON). The price target for Honeywell International Inc. has been set at $46.

Honeywell reported EPS of $2.85 for 2009 in line with analysts’ estimates but below 2008 EPS of $3.76. The company has maintained its outlook for 2010 EPS in the range of $2.20-$2.40. Analysts at Jefferies & Company have maintained their EPS estimate of $2.35 for 2010 but lowered the 2011 EPS estimate to $2.90 from $3.05.

Honeywell reported revenues of $8.1 billion in the final quarter of the year, a decline of 7.4%. The company reported revenue of $30.9 billion for the year, a decline of 15.5%. Honeywell reported free cash flow of $3.3 billion ahead of analysts estimates. Analysts expect 2010 free cash flows to be $3 billion.

Posted-In: Howard Rubel Jefferies & Company John CrokeAnalyst Color Price Target Analyst Ratings

 

Related Articles (HON + JEF)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
MDRXKeyBancUpgrades0.0
ANETNomuraUpgrades260.0
CNPRBC CapitalUpgrades34.0
FISVOppenheimerUpgrades88.0
FNDUBSUpgrades37.0
View the Latest Analytics Ratings
Don't Miss Out!
Join Our Newsletter
Subscribe to:
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
Your weekly roundup of hot topics in the exciting world of fintech.
Thank You
for registering for Benzinga’s newsletters and alerts.
• The Daily Analysts Ratings email will be received daily between 7am and 10am.
• The Market in 5 Minutes email will be received daily between 7am and 8am.
• The Fintech Focus email will be received every Friday between 2pm and 5pm.

It’s Not the 1930s Again --- It's Not Even Close

Norges Bank's tough decision