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Analysts Offer Insights on Industrial Goods Companies: Reece Limited (OtherREECF) and Honeywell International (HON)

Tipranks - Fri Jun 12, 7:24PM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Reece Limited (REECF) and Honeywell International (HON) with bullish sentiments.

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Reece Limited (REECF)

Jarden analyst Daniel Sykes maintained a Buy rating on Reece Limited yesterday and set a price target of A$16.10. The company’s shares closed last Tuesday at $9.80.

Sykes has an average return of 3.5% when recommending Reece Limited. ;'>

According to TipRanks.com, Sykes is ranked #5408 out of 12286 analysts.

Currently, the analyst consensus on Reece Limited is a Hold with an average price target of $10.77, implying a 9.9% upside from current levels. In a report issued on June 2, Morgan Stanley also maintained a Buy rating on the stock with a A$18.00 price target.

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Honeywell International (HON)

In a report released yesterday, Stephen Tusa from J.P. Morgan maintained a Buy rating on Honeywell International. The company’s shares closed last Thursday at $219.12.

According to TipRanks.com, Tusa is a 5-star analyst with an average return of 17.0% and a 66.9% success rate. Tusa covers the Industrial Goods sector, focusing on stocks such as Parker Hannifin, Otis Worldwide, and SPX. ;'>

Currently, the analyst consensus on Honeywell International is a Moderate Buy with an average price target of $251.00, a 20.7% upside from current levels. In a report issued on June 2, TipRanks – Google also upgraded the stock to Buy with a $263.00 price target.

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