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.
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