Goldman Sachs Resumes Coverage on Honeywell at “Buy” (HON)

Goldman Sachs analysts resumed coverage on tech and manufacturing company Honeywell International Inc. (HON) on Thursday.

Citing factors such as the company’s leadership position in attractive markets like commercial aerospace, the analysts feel that there is an upside to the current share price.

The analysts rate HON as “Buy” and see shares reaching $88. This target suggests an 18% upside to Wednesday’s closing price of $74.70.

There are several opportunities for the Morristown, NJ-based company to achieve new margin peaks, the analysts said. As such, they see Wall Street’s earning estimates for 2013 and 2014 as too low; their EPS estimates are +1% and +3% above consensus views, respectively.

Honeywell shares were inactive during pre-market trading on Thursday. The stock is up +23.74% over the past twelve months.

The Bottom Line
Shares of Honeywell (HON) have a dividend yield of 2.20% based on last night’s closing price of $74.70 and the company’s annualized dividend payout of $1.64 per share.

Honeywell International Inc. (HON) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here