The firm said it upped its numbers on the diversified technology and manufacturing company as it believes the company's positive outlook for 2015 and recent acquisitions will help Honeywell increase its growth.
Jefferies said that its $115 price target values Honeywell at about a 15% premium to the market, or about 17 times its 2016 full year estimates of $6.75 per share, "based on the potential for above average growth and strong market positions."
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Separately, TheStreet Ratings team rates HONEYWELL INTERNATIONAL INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate HONEYWELL INTERNATIONAL INC (HON) a BUY. 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, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins."