BUZZ-PREVIEW: Honeywell seen posting 6.7% year-on-year EPS growth
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Honeywell International is expected to report a 6.7% year-on-year decrease in adjusted EPS of $2.66 for Q2, with revenues projected at $10.07 billion. The stock rose 1.6% ahead of the results, and analysts remain optimistic, with 16 out of 28 rating it as a "buy". The median 12-month price target is $250, reflecting a 12.2% increase from three months ago. Honeywell is also evaluating strategic alternatives for two businesses as part of a planned split into three units. Year-to-date, shares are up 6.4%.
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