Honeywell’s Price Target, Estimates Raised at UBS (HON)

By Staff,

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Diversified technology and manufacturing company Honeywell International Inc. ( HON ) saw its price target and earnings estimates raised on Monday by analysts at UBS.

The firm said it now expects HON shares, which had closed at $47.72 on Friday, to reach $47 - essentially a sideways move. UBS raised its earnings estimates for the company, however, citing stronger end-market demand for its products as well as M&A opportunities.

UBS currently rates HON as "Neutral."

Honeywell shares cell 19 cents, or -0.4%, in premarket trading Monday.

The Bottom Line
We have been recommending shares of HON since Mar.25, when the stock was trading at $44.48. The company has a 2.54% dividend yield, based on Friday's closing stock price of $47.72.

Honeywell International Inc. ( HON ) is a "recommended" dividend stock, holding a DARS™ Rating of 3.5 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 Nasdaq, Inc.

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This article appears in: Investing Stocks
Referenced Stocks: HON

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