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Honeywell: shares up on positive broker note

(CercleFinance.com) - Honeywell shares rose on Monday on positive broker comments.
One hour after the market opened, the stock of the US industrial conglomerate was trading up 0.3% at 156.2 dollars, ouperforming the S&P 500 index, which was down 0.2%.

In a research note on industry stocks, Deutsche Bank analysts said that they expect Honeywell to continue beating/raising throughout 2019, including during the first-quarter earnings season.

The broker - which has a "buy" rating on the share - has raised its target price from 159 dollars to 174 dollars.

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