Deutsche Bank Reiterates Buy Rating On Honeywell (HON)

Deutsche Bank DB is reiterating their Buy rating on shares of Honeywell International HON. The firm has a $54 price target on the stock. The analysts noted that HON trades at just 14.3x 2010E earnings per share, which is a discount to its peers, despite the fact that the company's free cash flow of 9.2% sits near the top of its peer group. Year-to-date, Honeywell has climbed 8.09% to $42.43. The stock currently sports a dividend yield of 2.86%. Honeywell has a market cap of $32.46 billion. The shares trade at a trailing P/E of around 15.