Honeywell International Assigned 'Hold' Recommendation, Average Price Objective Hits $251.88
Honeywell International Inc. (NASDAQ:HON) has been assigned a consensus recommendation of 'Hold' by the twenty-six analysts covering the company, according to MarketBeat Ratings. While one analyst gave the stock a sell rating and twelve issued a hold recommendation, thirteen analysts gave Honeywell an outperform rating.
The average price objective among brokerages that have issued ratings on HON in the last year is $251.88. Sanford C. Bernstein started coverage on Honeywell with a 'market perform' rating and a price target of $233.00, while Mizuho upped its price objective from $240.00 to $265.00.
Honeywell's recent contract win with Dangote to develop a 700,000-barrel-per-day refinery in Kenya has expanded the company's industrial and energy backlog. Goldman Sachs raised its price target on HON to $271 from $270 and maintained a Buy rating.