Morgan Stanley Sees Capital Allocation Strategy as Critical to Performance for Honeywell International

In a report published Thursday, Morgan Stanley analyst Nigel Coe reiterated an Overweight rating and $99.00 price target on Honeywell International (NYSE: HON ). In the report, Morgan Stanley noted, “HON ranks attractively in our structural margin expansion analysis, given continued HOS implementation (only 50% of plants at Bronze), while