Honeywell (HON) Stock Gets Price Target Hike at Barclays

Barclays raised its price target to $127 from $126 on Honeywell (HON) stock this morning.
By Annie Palmer ,

NEW YORK (TheStreet) -- Shares of Honeywell (HON) - Get Report are up by 0.12% to $119.23 in pre-market trading today, as Barclays increased its price target for the Morris Plains, NJ-based company to $127 from $126 Monday morning. 

The firm has an 'overweight' rating on Honeywell stock saying it and other large-cap industrial companies are likely to remain stable in their market. 

"We see the risk of 'double dip' industrial recession as real in 2017, but do recognize the merits of industrials from a cash flow and quality perspective," Barclays noted. 

Other companies such as GE (GE) and Danaher Corporation (DHR) are likely to benefit from cash flows into industrials, the firm said. Additionally, Barclays analysts believe "company actions," including mergers and acquisitions and debt pay down, could add value to the industrials sector. 

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:

We rate HONEYWELL INTERNATIONAL INC as a Buy with a ratings score of A+. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow.

You can view the full analysis from the report here: HON

HON

data by

YCharts

Loading ...