Honeywell Downgraded at Langenberg & Company (HON)

Honeywell Downgraded at Langenberg & Company (HON)


Langenberg & Company reported on Thursday that they have downgraded technology and manufacturing company, Honeywell International Inc.(HON).

The firm has lowered their price target for HON from a “Buy” to a “Hold,” and has maintained its $66 price target. This price target suggests a 2% increase from the stock’s current price of $64.75.

An analyst from the firm commented, “downgrade to Hold from Buy. Close to $66 target. Average Street target is $70 but we note the hottest segment (PMT) is specialty chemical – a 6X EBITDA sector.”

Honeywell shares were mostly flat during premarket trading Thursday. The stock has increased 19% in the past year.

The Bottom Line
Shares of Honeywell (HON) have a 2.53% dividend yield, based on last night’s closing stock price of $64.75. The stock has technical support in the $59-$60 price area. The shares are trading near all-time highs.

Honeywell International Inc.(HON) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today