Honeywell International Inc (NYSE:HON) shares are entering the “sweet spot” for the time being, says Deutsche Bank. The stock is down more than 10% from its mid-January high.
Nicole Deblase sees a little less than 20% potential in HON
On Thursday, analyst Nicole Deblase added HON to her Catalyst Call Buy Idea list and announced a $230 price target on the stock that is just under 20% up from here.
The Deutsche Bank analyst expects Honeywell to beat first-quarter EPS estimates by just a penny, but said:
This has been well telegraphed. We view the full-year guidance as achievable as it incorporates little to no recovery in the global supply chain. HON should benefit from its late-cycle market exposures, including the aerospace, oil and gas, and non-residential construction sectors.
Honeywell International is expected to report its quarterly results in the last week of April.
Shannon Saccocia also likes Honeywell International
Shannon Saccocia of Boston Private, a shareholder of Honeywell International Inc, agrees with Deutsche Bank’s bullish recommendation. On CNBC ‘s “Halftime Report ,” she said:
Honeywell continues to increase its operating margins by focusing on execution and incorporating technology. If you are looking for a company in the industrial space that can continue to innovate and disrupt and have a cyclical tailwind, HON is a great name to add to the portfolio.
Last month, Honeywell CEO Darius Adamczyk said he did not see the Ukraine war as an obstacle to the company’s aviation business.
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