Credit Suisse analyst John Walsh initiated Honeywell with a Neutral rating and $170 price target, telling investors in a research note that he sees "multiple levers" for margin expansion, though the gross margin is still well below peers. Looking ahead, Walsh sees sustained mid-single digit organic growth driven by long-cycle businesses, and expects margin to expand driven by manufacturing and logistics footprint consolidation and connected solutions.
Check out this morning's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGS... To see the rest of the story go to thefly.com. See Story Here