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Honeywell International Inc. (HON) [hlAlert]

Rating:
Hold HON
down 42.73 %

Honeywell International Inc. (HON) downgraded to Hold with price target $25 by Sterne Agee

Posted on: Friday,  Oct 17, 2008  12:25 PM ET by Sterne Agee

Sterne Agee rated Hold Honeywell International Inc. (NYSE: HON) on 10/17/2008. Previously Sterne Agee rated Buy Honeywell International Inc. (NYSE: HON) on
07/18/2008., when the stock price was $50.78. Since then, Honeywell International Inc. has lost 42.73% as of 10/17/2008's recent price of $29.08.
If you would have followed the previous Sterne Agee's recommendation on HON, you would have lost 42.73% of your investment in 91 days.

Honeywell International Inc. (Honeywell) is a diversified technology and manufacturing company, serving customers globally with aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, and process technology for refining and petrochemicals and energy efficient products and solutions for homes, business and transportation. The Company operates in four business segments: aerospace, automation and control solutions, specialty materials, and transportation systems. During the year ended December 31, 2008, the Company completed the acquisition of Safety Products Holding, Inc. (Norcross) and Metrologic Instruments, Inc. In July 2008, B/E Aerospace, Inc. announced that it has completed the acquisition of Honeywell?s Consumables Solutions distribution business (HCS) within the Aerospace segment.

For more than a century, Sterne Agee has worked in the belief that succeed only when our clients thrive. For a brokerage firm to survive for more than 100 years is hard enough. One can only thrive that long, though, by ensuring that your clients thrive first. Sterne Agee is one of the oldest and largest privately held brokerage firms left in the industry. Sterne Agee is a member of the New York Stock Exchange, and a registered Broker Dealer. Sterne Agee offers clients all the advantages of a full-service firm, yet retain the flexibility and personal attention that are rarely found in the huge names. Sterne Agee's expertise includes retail and institutional brokerage; investment banking and underwriting; secondary trading of corporate, municipal, and government securities; and market making in over-the-counter stocks.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/17/2008 12:25 PM Hold
None
29.08 25.00
as of 12/24/2008
1 Week down  -0.12 %
1 Month up  8.67 %
3 Months down  -1.57 %
1 YTD down  -45.43 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/18/2008 10:25 AM Buy
None
50.78 62.00
2/26/2008 9:25 AM Hold
None
59.16 65.00

(*) Stock Price at the time of the recommendation.
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