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Honeywell International (HON) Receives a Buy from J.P. Morgan

Tipranks - Thu Jul 30, 7:50AM CDT

In a report released yesterday, Chigusa Katoku from J.P. Morgan maintained a Buy rating on Honeywell International, with a price target of $262.00. The company’s shares closed yesterday at $247.05.

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According to TipRanks, Katoku is a 2-star analyst with an average return of 2.7% and a 66.67% success rate. Katoku covers the Industrials sector, focusing on stocks such as 3M, Honeywell International, and Emerson Electric Company.

In addition to J.P. Morgan, Honeywell International also received a Buy from Citi’s Andrew Kaplowitz in a report issued on July 24. However, yesterday, Bank of America Securities upgraded Honeywell International (NASDAQ: HON) to a Hold.

Based on Honeywell International’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $9.72 billion and a net profit of $5.68 billion. In comparison, last year the company earned a revenue of $10.35 billion and had a net profit of $1.57 billion

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