Honeywell’s Price Target Boosted at Barclays Capital (HON)

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Diversified manufacturer Honeywell International Inc. ( HON ) on Tuesday saw its price target raised by analysts at Barclays Capital.

The firm said it lifted its target on HON from $60 to $65, which implies an 18% upside to the stock's Friday closing price of $55.02. Barclays Capital also maintained its "Overweight" rating on the stock, citing improved order rates in longer cycle businesses.

Honeywell shares were mostly flat in premarket trading Tuesday.

The Bottom Line
Shares of Honeywell ( HON ) have a 2.20% dividend yield, based on last night's closing stock price of $55.02. The stock has technical support in the $50 price area. If the shares can firm up, we see overhead resistance around the $60 price level.

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 .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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