Diversified technology and manufacturing company Honeywell International Inc. ( HON ) on Monday saw its price target lifted by analysts at JPMorgan.
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 ( HON ) 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. ( HON ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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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