Berenberg Initiates Honeywell With Hold Rating

By Akanksha Bakshi
  • Berenberg analyst Philip Buller initiated coverage of Honeywell International Inc (NASDAQ:HON) with a Hold rating and a price target of $230, implying an upside of 4.82%.
  • Buller says Honeywell is an "exceptionally well-run company" positively aligned towards several attractive themes, including commercial aerospace recovery, building efficiency, warehouse automation, industrial automation, and chemical technologies.
  • However, the analyst struggles to justify a higher share price at this time.
  • Recently, UBS analyst Markus Mittermaier upgraded Honeywell from Neutral to Buy and raised the price target to $237 (an upside of 8%) from $229.
  • Also ReadUBS Upgrades This Fortune 100 Technology Company
  • Price Action: HON shares closed higher by 0.54% at $219.43 on Thursday.

What is inkl?

Important stories

See news based on value, not advertising potential. Get the latest news from around the world.

Trusted newsrooms

We bring you reliable news from the world’s most experienced journalists in the most trusted newsrooms.

Ad-free reading

Read without interruptions, distractions or intrusions of privacy.