Honeywell (HON): DB Sees Q2 In Line, Strong Margin Gains Into 2009

Deutsche Bank continues to be a big believer in Honeywell (HON). The firm thinks HON will hit Q2 EPS consensus of $0.94 and then generate another year of mid-to-high teens EPS growth, despite much lower revenue growth. The margin gains will come from a combination of:

  • restructuring benefits
  • improving productivity

Deutsche reiterates BUY for Honeywell (HON), target price $72.

See Also: Honeywell (HON): Airline Risks Overblown, Still Going To $70 (HON)

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