Honeywell International Inc. (HON) Maintains Buy Rating
Analysts Howard A. Rubel and John M. Croke at Jefferies & Company Inc. (NYSE: JEF) have maintained their Buy rating for Honeywell International Inc. (NYSE: HON). The price target for Honeywell International Inc. has been set at $46.
Honeywell reported EPS of $2.85 for 2009 in line with analysts’ estimates but below 2008 EPS of $3.76. The company has maintained its outlook for 2010 EPS in the range of $2.20-$2.40. Analysts at Jefferies & Company have maintained their EPS estimate of $2.35 for 2010 but lowered the 2011 EPS estimate to $2.90 from $3.05.
Honeywell reported revenues of $8.1 billion in the final quarter of the year, a decline of 7.4%. The company reported revenue of $30.9 billion for the year, a decline of 15.5%. Honeywell reported free cash flow of $3.3 billion ahead of analysts estimates. Analysts expect 2010 free cash flows to be $3 billion.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted-In: Howard Rubel Jefferies & Company John CrokeAnalyst Color Price Target Analyst Ratings