We maintain an Outperform recommendation on Honeywell International Inc. (NYSE:HON).
The company had a robust first quarter 2012 performance, outperforming its earnings expectations. Despite the prevailing challenging macro environment, the company’s top-line growth was reasonably good.
Sales growth in the US was a driving factor for the company. Three of the four business segment posted revenue growth, out of which Commercial aerospace and UOP businesses performed exceptionally well. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards