Deutsche Bank Adds Honeywell Stock to Its Buy List
Investing.com
Published Apr 14, 2022 05:14AM ET
Updated Apr 14, 2022 09:46AM ET
Deutsche Bank Adds Honeywell (HON) Stock to Its Buy List
Deutsche Bank analyst Nicole DeBlase added Honeywell (NASDAQ:HON) to the firm’s Catalyst Call: Buy Idea list.
The analyst believes the timing of this move is “sweet” as she expects the company to benefit from its late-cycle end market exposures.
Although DeBlase expects only a $0.01 EPS beat this quarter coupled with conservative guidance, she sees these risks as likely priced in.
“We view full year guidance as achievable (particularly the low end, as it embeds little/no recovery in global supply chains, a unique input within the coverage universe - most companies have embedded improvement in 2H). We also would assess positioning as mixed, and have recently seen a pickup in investor interest on the long side,” the analyst said in a client note.
DeBlase has a $230.00 per share price target on HON shares.
HON stock price closed at $194.85 yesterday.
By Senad Karaahmetovic
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Written By: Investing.com
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