Morgan Stanley Boost Target, Estimates for Honeywell (HON)

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Diversified manufacturer Honeywell International Inc. ( HON ) on Monday received some further positive sentiment from analysts at Morgan Stanley.

The firm maintained its "Overweight" rating on HON and lifted its price target to $67, suggesting an 11% upside to the stock's Monday closing price of $60.16. Morgan Stanley also raised its earnings estimates for the company through 2014, noting that Transportation Services margins are showing improvement.

Honeywell shares, which have risen nearly 11% year-to-date, were mostly flat in premarket trading Monday.

The Bottom Line
Shares of Honeywell ( HON ) have a 2.48% dividend yield, based on Friday's closing stock price of $60.16. The stock has technical support in the $55 price area. The stock is trading near all-time highs of $63 a 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 .

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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