Markets

Sterne Agee Gets Bullish on Honeywell, Boeing (HON, BA)

Analysts at Sterne Agee on Tuesday published some bullish commentary on the The Boeing Company ( BA ) and Honeywell International Inc. ( HON ).

The firm said it initiated coverage on BA with a "Buy" rating and an $82 price target, suggesting a 26% upside to the stock's Monday closing price of $64.99. Sterne Agee noted the company will likely see production increases soon in all of its units.

Meanwhile, the analyst upgraded HON from "Neutral" to "Buy" with a $69 price target. That target implies a nearly 34% upside to the stock's Monday closing price of $51.66. Sterne Agee's new analyst projects the company will deliver consistent double-digit earnings growth.

Honeywell shares were unchanged in premarket trading Tuesday, while Boeing shares posted small losses.

The Bottom Line

Shares of Boeing ( BA ) have a 2.59% dividend yield, based on last night's closing stock price of $64.99. The stock has technical support in the $57-$58 price area. If the shares can firm up, we see overhead resistance around the $68-$70 price levels. Shares of Honeywell ( HON ) have a 2.88% dividend yield, based on last night's closing stock price of $51.66. The stock has technical support in the $47-$51 price area. If the shares can firm up, we see overhead resistance around the $55 price level.

Boeing Company ( BA ) and Honeywell International Inc. ( HON ) are both rated "Neutral" by Dividend.com, holding DARS™ Ratings of 3.3 and 3.4 out of 5 stars, respectively.

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.

Created by Dividend.com


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

In This Story

BA HON

Other Topics

Stocks

Latest Markets Videos