Diversified technology and manufacturing company Honeywell
International Inc. (
) on Monday saw its price target lifted by analysts at
The firm maintained its "Overweight" rating on HON and raised
its price target from $55 to $56. That new target suggests a 5.5%
upside to the stock's Friday closing price of $53.10.
Honeywell shares, which are essentially flat year-to-date, were
unchanged in premarket trading Monday.
The Bottom Line
Shares of Honeywell (
) have a 2.81% dividend yield, based on Friday's closing stock
price of $53.10. The stock has technical support in the $40-$42
price area. If the shares can firm up, we see overhead resistance
around the $46-$48 price levels.
Honeywell International Inc. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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, as well as a detailed explanation of
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